[Last Dakotan]

The industry simply ran prices up too far too fast when they had it good and are now reaping what they sowed.

[Alberta's Child]

From what I understand, a big factor in the run-up of steel prices over the last few years was a well-planned campaign by the Chinese government to buy lots of raw materials from all over the world . . . to build new steel manufacturing plants.

Once these plants started to come on line, the excess production capacity effectively drove the price back down again.