steel magnet

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".

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?