From: "Geo" 

Yes it causes US prices to go up too, but on a relative basis (chinese
price/us price) the ratio moves further towards 1.

Geo.

"Mike N."  wrote in message
news:d9amr0d8jocgcre87j9m47ldr6jtqfct4e{at}4ax.com...
> On Sat, 11 Dec 2004 10:52:08 -0500, "Geo"
 wrote:
>
> >The chinese have to buy raw materials and energy to produce things, that
> >raises the price of their goods compared to ours due to efficiencies and
> >transportation costs.
>
>   It also raises US prices.  The Chinese are buying so much steel that the
> US steel prices have skyrocketed with a sharp peak in October.   Farm
> Equipment has gone up proportionately with equipment sales prices now in 2
> parts: Base and "Steel surcharge" depending on the price of
steel at the
> time of manufacture.  Even the used equipment and scrap steel prices have
> gone up sharply.
>

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