China has bought, dismantled, and shipped to China 5 American steel mills
that have shut down over the last few years. The number may be greater, but
I personally know of 5. I own a welding company and the same steel I bought
in December for .19 a pound is now costing me .50 or more depending on the
specific shape/size. Tube has jumped even more. The prices have leveled off
over the past month, but no relief is in sight. The Chinese are also buying
all the scrap they can get. I live in KY, nowhere near a shipping port, and
they have caused scrap prices to quadruple this year. No one in the industry
that I have spoken to seems to be able to offer much explanation at all.
Makes you wonder.
Brian '71 Malibu
From: [EMAIL PROTECTED]
Reply-To: The Chevelle Mailing List <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED]
Subject: Re: [Chevelle-list] O/T: Some new from Iraq
Date: Sat, 15 May 2004 18:21:56 EDT
Maybe China is building Tanks and ships?
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