I think that you will see China go from a steel exporter to an importer...

• high fuel costs at home to make steel
• higher energy costs to transport iron and coal to China to make steel
• huge demand for steel due to earth quake and rapid urban growth

With China being a net importer of steel, this is a good opportunity for US steel makers.

Exporting of US cars?  That is something I have not contemplated, but if Heebner says so, it is possible.  Most of the good cars are made in countries with high labor costs... if GM has or could offload their medical expenses (like every non-US car manufacturer in the world), I think that they could be competitive anywhere in the world.  Germany and Japan both have high labor rates and are huge exporters of goods.  I don't think that GM should declare bankruptcy (like Cramer does).  Exporting cars... wouldn't that be something?  The EM countries can afford to buy them...

erryl