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Competition only helps regulate price [not necessarily keep it down] - as anyone will tell you who read past page one of any basic economics book, the real driver on price is supply and demand. I'm no steel market expert, but I get the feeling demand remains strong but there is oversupply - in...

My day job is planning and risk management - I'm forever trying to look ahead and smooth the way. This is coming over as a bomb-shell - did nobody see this coming? I've done some economics at Uni - I'm a firm believer in market forces - if a product has a demand and demand is influenced by...