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To: Paul Ross

Concerning the steel industry, I have a lot of family in NE Ohio and West PA and the steel industry hasn't been the same for a long time buddy. The steel industry is not as much of a powerhouse for foreign investment and eventually export because of competition with the Euros.


32 posted on 08/17/2005 1:47:46 PM PDT by lightislife
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To: lightislife
Concerning the steel industry, I have a lot of family in NE Ohio and West PA and the steel industry hasn't been the same for a long time buddy. The steel industry is not as much of a powerhouse for foreign investment and eventually export because of competition with the Euros.

You mean primarily with the heavily subsidized Spanish, South Korean an Chinese mills. The Chinese mills have been primarily sucked into taking care of their huge internal demands, snarfing up most of our own scrap steel market...(shades of Imperial Japan prior to WW-II)...but once the infrastructural demands wane...then we will be seeing problems.

The Steel tariffs we ran in 2002-03 by GWB to counter the dumping of the foreigners managed to salvage our integrated mills. We still have steel. At the time, we likely would have lost all residual steel capacity. If your family is hurting now, think what it would have been...and be like now... but for those emergency tariffs.

33 posted on 08/17/2005 2:03:24 PM PDT by Paul Ross (Definition of strict constructionist: someone who DOESN'T hallucinate when reading the Constitution)
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