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Michelle Galanter Applebaum

 
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  • Why Is America the Biggest Importer of Steel? [View article]
    yeah maybe he meant Japan? Thinking 1973, I can't think of a Singaporean mill but maybe.
    Mar 18 11:10 PM | Likes Like |Link to Comment
  • Why Is America the Biggest Importer of Steel? [View article]
    ok, steel was fat and lazy circa 1973. that's kind of 40 years or so ago. Get with the program - the last itnegrated mill in this country was built in 1971 - the same year the first mill of Nucor was built. About 60% of the American steel landscape is mini-mill today - they came, they saw, they kicked Bethlehem Butt (sorry Gary and all my friends who were there at the end, you guys rocked, you were the solution not the problem!) This is ancient history. The US is competitive in steel today - the lowest cost producer in the world. We have 35 bankruptcies and Ken Iverson - and Leo Gerard - to thank for that position. Free enterprise works - when you let it work without the bailouts of GM, Bank-of-Goldman-Sachs etc etc etc
    Mar 18 11:10 PM | 1 Like Like |Link to Comment
  • Why Is America the Biggest Importer of Steel? [View article]
    Gimme a break, how much is CISA paying you to spout lies? Labor is nominal in the cost of steel production - your cost information is circa 1979. Have you noticed iron ore prices inflating 100x in the last 10 years? China has zero ore. We have mucho ore. Do the math, read up on your steelmaking costs and don't assume China is low cost in everything - steel just isn't labor intensive.
    Mar 18 11:07 PM | 1 Like Like |Link to Comment
  • Why Is America the Biggest Importer of Steel? [View article]
    were it not for the fact that you're spouting off about protectionism for a foreign company who is building a facility in alabama whose sole existence is to process steel made in Germany and Brazil, you might be making some sense - but as it is you don't have a clue.
    Mar 18 11:06 PM | Likes Like |Link to Comment
  • Why Is America the Biggest Importer of Steel? [View article]
    I agree completely but you have to go back to your employer and ask him why Mr. Surma, is Thyssen, Vallourec, TMK, etc investing in America and US Steel is investing less? Please forgive me friends at US Steel, but this bothers me greatly, because I think the answer is this - I think foreign companies have more faith in the US government than WE do - because we no better, and foreign companies expect the US government to stand up for them - the way they do back at home in Germany, Russia and France.
    Mar 18 11:05 PM | 1 Like Like |Link to Comment
  • Costs Forcing China to Crack Down on 'Maverick' Steelmakers [View article]
    Newsflash - China has had an annual updated steel capacity closure list that has never happened since 2003. Looks like a duck, quacks like a duck, but if it's got scales it stinks.
    Feb 10 07:08 PM | Likes Like |Link to Comment
  • Chinese Steel Exports Rise Again [View article]
    Ha! It's a legal thing, we only give stock advice to Qualified Institutional Buyers. I'm sure you know what that is and understand the issues. If you prefer, you can avoid my blog, I have no problem with that! But we aren't able to give stock advice to ANY indviduals, for free or money.
    Jan 22 03:00 AM | Likes Like |Link to Comment
  • Real Economic Consequences of Mercantilist – Un-Free- Trade [View instapost]
    The reality is that there are economic interests in this country that are seduced by china's market potential. These economic interests have huge lobbying dollars behind them in Washington and huge advertising dollars behind them with certain press. So we're pissing in the wind until we get to the point where these economic interests realize that the upside they have in China isn't quite what they think - the Google events are sending that message right now - the Rio events of last summer did the same thing. It's taking time for people to get it.
    Jan 20 11:36 AM | Likes Like |Link to Comment
  • Chinese Steel Exports Rise Again [View article]
    Sorry we don't comment on stocks on the blog - lawyers get unhappy
    Jan 17 10:16 PM | 1 Like Like |Link to Comment
  • Chinese Steel Exports Rise Again [View article]
    not sure what chop is?
    Jan 12 10:55 PM | Likes Like |Link to Comment
  • Chinese Steel Exports Rise Again [View article]
    why are you posting that comment to my blog? Our stock research is paid-for subscriber only, sorry.
    Jan 11 05:58 PM | Likes Like |Link to Comment
  • China's Resource Hoarding Attracting WTO Attention [View article]
    Actually it's not that China is demanding resources that's a problem, it's that they're putting export taxes on their own resources to lower the cost of steelmaking. This is illegal under WTO, and Canada, the US, Mexico and Japan are all part of the trade complaint.
    Jan 10 05:52 PM | 1 Like Like |Link to Comment
  • China's Resource Hoarding Attracting WTO Attention [View article]
    you're spot on. By restricting exports of key steelmaking raw materials, the Chinese are essentially taking money out of the suppliers' pockets and placing it directly in the mills' pockets. On New Year's Eve, India announced an increase in their own export tax on iron ore - that's a direct shot at the Chinese who are their largest consumer. But the mining companies said "ouch" in India in response. I would suspect that tax will only last as long as it takes for the Chinese to get their iron ore contract negotiated wtih the major minors (assuming they don't jail them all).
    Jan 6 11:44 PM | 1 Like Like |Link to Comment
  • China's Resource Hoarding Attracting WTO Attention [View article]
    whoops - picked on the wrong industry. In steel, it's China that subsidizes the industry, not the US. Check your facts. :)
    Jan 6 11:42 PM | Likes Like |Link to Comment
  • Domestic Steel Prices: We Expect Upward Trend to Continue [View article]
    What would you say if I told you that the direction of car sales is completely and irrevocably irrelevant to the price of steel in the United States? I still think you might want to get your own blog.
    Jan 6 11:41 PM | Likes Like |Link to Comment
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