The reversal scenario of mine (not pandemic, fake news) has upended global supply chains and produced shortages of certain commodities AT THOSE PRICES. I’ve worked with all metals my whole life and I was always amazed how cheap they were. Just like Gold and Silver.
So basically everything is trying to right itself. From abnormal, to normal. The central planners, ass hole know-it-alls, made everything that was normal decades ago, into abnormal, and the economy is in a very difficult “back to normal” transition. Similar to extreme pain and discomfort of withdrawal from a bad habit that had to end.
The idiots made us start importing, buying foreign steel a long time ago. Late 1960s. Sheet steel used to have Bethlehem Pa and Pittsburg Pa stamped on it. That disappeared long ago. Then the idiots wonder about lack of jobs, and low wages, that came with low import prices.