John L.

Steel: The Top Is In Parts II, III

Hey, looks like you forgot about all the "second Tier" cities that China is in the process of building right now. These are being built on a massive scale to shift population and production away from the large overpopulated cities.

As China found out recently, it takes steel rebars to make a building that can stand for more than a few years. I don't think they will cut corners on these new buildings and so we will see steel demand be extremely strong.

All this business about steel prices dropping because of increased production is a bunch of nonsense, don't believe it, and invest accordingly