[King Prout]

125% in one year?

good GOD!

justified by what, energy costs for refinement and logistics???

[Wooly]

http://www.globalsecurity.org/military/systems/ship/dd-x-design.htm

[keepingtrack]

Steel prices have gone up so much that there is big money to be made in scrap metal, to the point that meth-heads in my part of the country (Portland, OR) are going out to highways and stealing roadsigns to turn in for drug money. It's crazy.

[FreedomPoster]

>>125% in one year?
>>
>>good GOD!
>>
>>justified by what, energy costs for refinement and logistics???

Supply and demand. Econ 101.

Big chunks of China and India are becoming "middle class". This drives a lot of steel demand.

[Steve Van Doorn]

Bush was attempting to protect the steel industry by slapping a large tariff on steel. It has backfired.