I work for an investment casting company in the machining department. The price of our raw steel has gone up over 40%, and, yep it's because China is buying it as fast as they can. There are lots of investment casters in the U.S. now who are just brokering Chinese castings, due to labor costs. We hope that in the long run, our quality will win out over the price differences, and so far it's working, we're actually hiring, a lot.
If you're riding a newer Harley, you're probably shifting with, steering with, and resting your feet on components that my crew machined and my company cast.