If China wants to give us some free money for a while, I'm not too concerned. We can start these companies back up faster next time and anyone concerned with a temporary future price increase can either pay a premium to keep some of these companies going, or stockpile the metals.

The US steel industry certainly has had no problem recovering

The US steel industry would be fine if all the foreign steel producers raised their prices to try to screw us. The problem with US steel is that foreign steel is cheaper.