William Ellard

Commercial Metals Earnings and the Domestic Steel Market

"With Oil prices likely to keep surging, it is very important to note that will stifile economic expansion and, therefore, eat away the demand for steel."

Tibis;
I actually do not agree with this. Higher oil prices are a sign of a strong global economy, hence strong demand for steel. Like I posted in the article, CMC is expanding so it can ship overseas and make more money - If US demand falls, CMC would shift that supply overseas and make better margins.

If oil prices cause the global economy to fall, then oil will fall also.....

Commercial Metals Earnings and the Domestic Steel Market

"What is you opinion on the penalty tariffs recently cleared by the U.S Int'l Trade commission "for circular welded pipe"? Is this a trend?"

Steel;
I think that global economics are already dealing with this issue. But it is good to see the steel firms standing up against dumping. My main concern in the past has been that many countries subsidize energy to the point that its cheap to make steel products, and hence easy to dump into the US...