What more can i say i am from India, and I can tell you a number of Indian Industries have closed down because the rate at which we procure raw materials, Chinese can produce a finished product at that price. Almost a decade ago we had a flourishing Lock Industry, but when Chinese lock manufacturers entered the Indian market our manufacturers couldn't compete. Chinese could produce locks at a price for which we couldn't even produce steel. In a matter of years most lock manufacturers closed down. Now most distributors just import locks from China. Indian steel manufacturers started producing high grade steel for special applications to survive in the market. Because it was clear we cannot compete with china at volume pricing for low grade steel.