I agree with some of your points Pistone, as far as it being our own fault, that's certainly right, we wanted it cheap, we sure got that, and that "fiscal cliff" is definitely looming ever closer. As far as us scrapping Americana, I sadly feel we're doing that too. However, I also believe china is a much more dominant force than you seem to realize, although they are not a major importer of US steel US Steel exports to Europe rise 150% y-o-y in May: AIIS,1 | ScrapMonster.com they've stockpiled more raw ore than they know what to do with, and whether or not they're buying (or in this case "not buying") it from us, it has a huge effect on world prices. If you watch much world news (not the USA networks "world news" where the top stories pertain more to Madonna's Indo concert being canceled) such as BBC or NHK you'll see that China's industrial machine dominates almost every broadcast