Craig Lalley saith, 
> 
> --- Peter Smithson <[log in to unmask]> wrote:
> > I'm no expert but I thought the US was not so keen on free trade.  I
> > remember some problem with steel and I managed to find this 
> story which
> > is must be what I'm remembering -
> >
> > http://www.usatoday.com/money/covers/2002-03-06-steel.htm
> 
> Peter,
> 
> That article is a tad bit old.  2 1/2 years.
> 
> Trust me, one of my customers is in the steel business and 
> every ounce of scrap
> is being bought up, by China.
> 
> I don't know how this is affecting the rest of the steel 
> industry, but cost of
> raw materials is way up.
> 
> -Craig

I noticed the Chinese steel buy in February and Stratfor reported it early in the Summer.

This can affect the price of everything the U.S. builds, from cars to bicycles to washing machines to ships.  (Unless of course, they're made in China.)

BT


Tracy Johnson
MSI Schaevitz Sensors 

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