steel magnet

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    • Tue Sep 30th 15:58 PM | Rating: 0 0
      Commented on:
      Steel Industry Profits: Eye on U.S. Steel, Nucor
      I agree it would be a good opportunity, in this market cycle, to buy "if" this mess clears up. Why are you considering X and NUE? Can you give your insight on whether a strong dollar will help or hurt domestic steel?
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    • Mon Jun 30th 17:21 PM | Rating: 0 0
      Commented on:
      Steel: The Top Is In Parts II, III
      I copied the following statement from a seeking Alpha article by William Ellard "Peter Marcus of World Steel Dynamics believes that eventually steel makers will be unable to pass along raw material price increases, and that banks will begin refusing to finance inventories at these prices. Ironically, this may be a plus for U.S. steel makers since rising steel prices, and dollar issues, have made them more cost-effective while making foreign imports less attractive. This is good news for U.S. steel."
      penalty tariffs recently cleared by the U.S Int'l Trade commission "for circular welded pipe" will also help domestic steel.
      It is my opinion that the only thing holding back more drilling by U.S. oil drillers is a shortage of steel mills in the U.S. Its also my opinion that this is the price increase in TS "Tanaris".
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    • Sun Jun 22nd 13:48 PM | Rating: 0 0
      Commented on:
      Commercial Metals Earnings and the Domestic Steel Market
      Thank you Mr Ellard for your insights and for responding to my comment in your last article. You responded that you thought "the domestics are better valuations right now. Its not just the weak dollar per say, its global inflation helping the domestics. Coking coal, and coal prices are running 30% higher internationally vs the U.S. Also with energy prices soo high, imports into the US are drying up."

      "U.S. steel inventories are also very very low - another factor for better future cash flows from domestics vs intl...."

      In this article you mentioned foreign steel producers imposing export tarrifs and reduced energy subsidies as energy prices increase having the effect of shutting off imports to the U.S.

      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? What effect will this have short term and long term? which steel companies should benefit most?
      View article »
    • Sun May 4th 10:45 AM | Rating: 0 0
      Commented on:
      Steel Stocks: Update from Recent Earnings
      Demand for steel is strong globally your article leans toward domestic steel only and away from foriegn steel. Can you state other factors that support stronger markets in the U.S. than foriegn markets other than the weak dollar "which may not stay weak". Factors that show a slow down in foriegn steel other than a weak demand from the U.S.?
      View article »
    • Mon Apr 21st 17:47 PM | Rating: 0 0
      Commented on:
      Dow Theory Revisited
      Thank you and REITS have responded
      View article »
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