Steel shortage & scrap price .

[Scholsey]

Have China played a blinder? produce everything far cheaper than Europe/USA can, get everyone hooked on buying cheaper Chinese steel, electronics etc, kill off overseas industries then cause supply problems and boost the price up to the same or above what we were paying for home produced stuff in the first place?

https://www.visualcapitalist.com/visualizing-50-years-of-global-steel-production/

unsurprising but explains the situation

 

[Will 1594]

Was told last year China and India produced more steel in one year . than n uk has produced since steel was discovered ‍♂
qouted 250 for shearing yesterday and 185 for mixed shite
Old machines look out. Yard tidy at weekend