Spehro Pefhany wrote:

On 3 Apr 2004 12:38:49 -0800, the renowned
(michael) wrote:


"Walt" wrote in message ...

I was talking to a couple today that own a scrap business. They deal in
paper, plastic and steel. We got on the subject of scrap steel and the high
prices we are seeing today. We also talked about China buying alot of scrap
steel. They said that because the US doesn't make as much steel for products
as we used to (using more plastics instead) that if a need for a large
quantity of steel were needed (in case of a major war) that China would name
their price and we would have to buy it because we simply do not have it.
How real would something like this scenerio be? I'm putting all political
bias to the wayside, plain and simple, are we setting ourselves up for a
major screwing in the long run?
They also said the grade of steel coming out of China is good, they used to
have very poor steel but they're quality is far better than the past.

walt

This is nothing new. China and Asia, for that matter, has been buying
scrap from the U.S. for decades. The funny thing about it is that we
buy it back as new steel. The steel from the World Trade Center went
to Malaysia. Which is a country of islamic extremist.
michael


Nah, Malaysia is cool.

Right. There's a difference between being devout
and being an extremist. We don't call Baptists
extremist Christians.