Posted by Rick on Wednesday, March 24, 2004 at 7:04PM :
In Reply to: record high scrap prices posted by bill on Wednesday, March 24, 2004 at 5:05PM :
The demand for scrap steel is from China to feed thier industries which are cranking out stuff to sell back to us. This is what is driving the prices up.
Along the way they are also the #2 importer of oil after the US to power those factories.
Rick