Quote:
Originally Posted by Guy Fawkes
They call it 'The Rust Belt' for a reason. Steel tanked years ago and it's cheaper to ship scrap to China, process it and ship it back as new steel. We can't compete with China on labor rates.
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I have to agree. I always heard steel was one of those messy and resource hungry industries which our "post-industrial" economy was shipping overseas in favor of producing information and services. As I understand, most American steel production now is in "mini-mills", plants which produce quantities of a thousand tons or so of high quality special purpose metal made from scrap, and we leave the million ton runs to Mitanni, which is why every manhole cover you see has "Made in India" emblazoned proudly on its galvanized surface.