steel magnet

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?

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.?