Here is a thought. How can they afford the fuel to transport the iron ore, the nickel, the coal,and other raw materials to China from the middle of the U.S. acrost half our country, acrost the pacific ocean, manufacture the stainless steel, forge it into augers, ship them back acrost the pacific, transport them acrost the entire U.S. to Pa. and still have the cheapest auger here?
It's simple, China doesn't have as many rules and regulations as we have in US. The average American steel worker probably makes $25 an hour, add to that the inspectors, taxes, lawyer fees, safety precautions, quality controls, EPA rules, DEC rules, OSHA, Unions, insurance, sick days, paid vacations, pensions, etc.. and he consumes probably $100 per hour or more every hour he works. The worker in China costs $0.10 an hour. Figure in the transportation costs and it still doesn't equal out. That's why an American made pipe fitting costs $25 and a Chinese one costs $5.00, and most of that $5.00 is store profit and transportation from the dock.
China solved their problem of not having enough steel, the salvage yards are paying $300 a ton for it in some areas! There is no shortage, hillbillies and executives alike are collecting every bit of it and cashing it in.