Quote:
Originally Posted by Pete Lester
...It will be a sad day when we see rails stamped "Bejing Steel and Foundry I I I I I 2011"
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You may be predicting the future. We have a Costco close to home. We also have a steel plant that makes various diameter steel pipe from recycled steel (anything but mostly automobiles and rail cars). One day, Costco was having shopping cart corrals installed at several locations in the parking lot. I watched a bit of welding and some painting. I walked by a newly minted corral that had yet to be painted. Clearly imprinted on the steel pipe was "Made in China" Apparently cheaper to bring it in from the opposite side of the planet than a few miles north of the parking lot. Only thinking of the bottom line will be to our societal detriment. But when your competition is utilizing the "cheaper" stuff and your own costs are 3X theirs you either join in or fold. Will be interesting to see how this ultimately plays out. Don't think I will be here to see the end game but it may not be pretty for those who value self-sufficiency.
Cheers???????
Jack
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