Re: [TowerTalk] Rise in steel prices?

[tongaloa <tongaloa@alltel.net>]

It is my understanding that the Nickel miners strike has more to do with 
this than
anything. First stainless went through the roof, then alloys employing 
stainless.
Al is up partially because of strking bauxite miners, increased fuel 
costs partially
because of the bandwagon effect. Scrap is up but Ni bearing scrap is way up.
China is building and manufacturing. Manufacturing equipment, machinery,
cutting tools, all need Ni alloy steel.

If you want to bitch, bitch at the Canadians, the Russians, and the 
unions too.

It's not as simple as, "the Chinese are buying all the scrap" and our 
M*3 industries
failure to continue investment in R&D&infrastructure back in the late 50's.

-bob


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