actually it was artificially high prices and a housing bubble in China (and some other countries). They experienced a similar housing bubble like we did (only on a much larger scale). THAT is what precipitated steel prices to fall so low. .10/lb is not a realistic sustainable figure in any market.
This is the time you have to adapt your business because you are at the mercy of a commodity market coming off a killer run...
Just putting that out there.
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