I happen to work in the scrap metal industry, and this is correct in regards to China and the steel mills. I wasn't aware that they 'distmantled' mills from here and re-built them there, but there are a number of mills under construction there. The market for scrap around the past 6 months went crazy. We couldn't get enough material to fill all orders.
-Dave > -----Original Message----- > From: [EMAIL PROTECTED] > [mailto:[EMAIL PROTECTED] Behalf Of Brian Knight > Sent: Saturday, May 15, 2004 8:22 PM > To: [EMAIL PROTECTED] > Subject: Re: [Chevelle-list] O/T: Some new from Iraq > > > 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? > > _________________________________________________________________ > Stop worrying about overloading your inbox - get MSN Hotmail > Extra Storage! > http://join.msn.click-url.com/go/onm00200362ave/direct/01/ > > >
