I work in the steel industry, virgin steel not recycled steel and we are having the same problems. China has so much excess domestic steel capacity that they ar

I work in the steel industry, virgin steel not recycled steel and we are having the same problems. China has so much excess domestic steel capacity that they are now flooding the international export market and the price of Coil has tanked. http://www.smh.com.au/business/mining-and-resources/chinese-steel-is-now-cheaper-than-cabbage-20150708-gi81ea.html http://www.smh.com.au/business/mining-and-resources/chinese-... 'When asked about the cabbage conundrum, one trader told Platts he would be "better off going home to plow the fields rather than try to make money selling steel".'