Steel: The Bottom Is Not In

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Steelmakers Try to Deal With Weakening Demand

by Robert Guy Matthews

The Wall Street Journal Oct. 7 2008

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Chinese steelmakers set to slash output

by Patti Waldmeir

The Financial Times Oct. 6 2008

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GM’s Europe Unit to Suspend Production

by Chris Reiter

Bloomberg Oct. 7 2008

Earlier on NakedShorts:

At a guess, the top might be in
Sep. 10 2008

Disclosure: Short X, NUE (although somewhat less short than he was back when. Just quietly awaiting the inevitable rip).

Comments

[mangy cat:]

with so many applauding jpmorgan's handling of the 1907 financial crisis
and central banks scuppering all anti-trust legislation inspired by you-sex (as his ironmonger was known in the roaring 90s)
the can-can is roaring again at carnegie hall

2008 Oct 08 08:48 AM