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    jagee

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    Jan 19, 2013
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    New Palestine
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    actaeon277

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    Nov 20, 2011
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    Why is that ACT, I thought the auto industry was doing okay??? Who usually buys your steel?? Are the Chinese undercuting American steel again??

    Chinese steel is repeating 1998.
    Chinese can produce more than they need.
    They swamped our industry in 1998.m
    19 steel mills shut down.
    Then the chinese started keeping their steel for internal improvements.
    Cost of steel went up because the US had 19 less companies.
    The chinese are back.
    No longer doing internal improvements, they are swamping us again.
    They have no OSHA, no EPA, etc., and mills are subsidized.
    Hard to compete with that.
     
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