Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Bearcatbob who wrote (6877)	3/13/2004 12:07:44 PM
From: Lizzie Tudor	Read Replies (1) of 81568

China is sucking up all available steel just like all the US jobs. So here we have a unique situation with steel that is unlikely almost anywhere else in our economy- a situation where demand outstrips ALL available supply for both China and US. US has a steel industry that has been decimated by foreign competition. If the globalization theory works, US steel should be able to recover now (since china is tapped out), and the new market for US steel should be the huge china+us markets. Lets see if it happens. Personally I doubt it.

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