America’s Finest News Source has reported that China will be consuming about 80 percent of the scrap metal harvested from the freshly auctioned Detroit.:

DETROIT—Detroit, a former industrial metropolis in southeastern Michigan with a population of just under 1 million, was sold at auction Tuesday to bulk scrap dealers and smelting foundries across the United States.

Site of the former Detroit Museum of African-American History, which took in over $135.

“This is what’s best for Detroit,” Mayor Kwame M. Kilpatrick said. “We must act now, while we can still get a little something for it.”

Once dismantled and processed, Detroit is expected to yield nearly 14 million tons of steel, 2.85 million tons of aluminum, and approximately 837,000 tons of copper.

….

Another company, Bayonne, NJ’s A-1 Salvage, purchased the recently vacated Tiger Stadium for approximately $.17 a ton. A spokesman for the firm said that the People’s Republic of China had expressed interest in purchasing the dismantled sports venue. China is the world’s largest buyer of scrap metal, and could receive up to 80 percent of the city.

The city’s pending shutdown will make thousands of items with no scrap value, and several train-cars full of law enforcement equipment such as handguns, battering rams, and police clubs and riot suits, available to other buyers.

This is a joke of course. Detroit has nothing to worry about for a while.

SAIC won’t start competing with General Motors with its own-branded autos for several months.

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