At A Guess, The Top Might Be In

Production discipline. Lower sales. Tomato. Tomahto. Feels like they’ve called the whole thing off. 

American Metal Market
Sep. 9 2008
(Article not directly linkable)

Earlier on NakedShorts:

Here and here and here and here.

Disclosures:

1. Short United States Steel (X), Nucor (NUE). However, given the beating administered to the sector in recent weeks, NakedShorts walks in fear of the inevitable counter-trend rally and is now trailing stops on approximately one-third of the position. 

2. A long, long time ago...NakedShorts wielded, under an assumed name and to remarkably little effect, a business card which said that he was president of American Metal Market LLC.