Don't scrap the issue: the points and counterpoints of government intervention.In the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of the ferrous ferrous (fĕr`əs), iron in the +2 valence state. Containing or having to do with iron. The difference between ferrous and ferric is the number of valence electrons they contain (ferrous contains two and ferric contains three), which scrap dilemma of high prices and distressed metalcasters, a pendulum is being pulled from both sides. The Emergency Steel Scrap Coalition and the Institute of Scrap Recycling Industries Inc. (ISRI ISRI Institute of Scrap Recycling Industries ISRI Institute for Software Research, International (Carnegie Mellon University) ISRI Information Science Research Institute ISRI Intelligent Systems Research Institute ) are currently fighting each other to draw the government in their direction. The issue what actions should Congress and the Bush Administration take in handling the increased domestic scrap prices in lieu of global exports. Even though the situation is said to affect thousands of workers in iron and steel industries, a distinct dividing line Noun 1. dividing line - a conceptual separation or distinction; "there is a narrow line between sanity and insanity" demarcation, contrast, line differentiation, distinction - a discrimination between things as different and distinct; "it is necessary to exists that separates opinion. The Coalition feels due to the inflated domestic costs resulting from high volumes of exported scrap, the government needs to impose limits on scrap exports and help reduce suppliers' surcharges. It believes this would alleviate a burden on domestic users of scrap and help rejuvenate re·ju·ve·nate tr.v. re·ju·ve·nat·ed, re·ju·ve·nat·ing, re·ju·ve·nates 1. To restore to youthful vigor or appearance; make young again. 2. their businesses. Similar controls (tariffs on exported scrap) were carried through between 1973 and 1974. On the contrary, ISRI considers the current situation as simply a point in a highly-cyclical scrap market that will revolve re·volve v. re·volved, re·volv·ing, re·volves v.intr. 1. To orbit a central point. 2. To turn on an axis; rotate. See Synonyms at turn. 3. with time, and no controls need to be enforced. Several sources have mentioned that price escalations are due to the laws of supply and demand The price will increase due to the higher demand, and the steel market may appear to be rampant for a while. Inside This Story: * A dispute has erupted between scrap handlers and scrap users as to whether there should be export controls on ferrous scrap supplies. * This article details both sides of the dispute and what action is being taken. For more information Visit the Emergency Steel Scrap Coalition web site at www.scrapemergency.com Visit the Institute of Scrap Recycling Industries Inc. web site at www.isri.org |
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