schminkie

Two Emerging Market Steel Plays: Mechel and Siderurgica

sid strength is not only in its location and its presence in the sweet spot of developing infrastructures etc internationally. the real point is that they mine their own ore, met coal [i believe] and even have dry bulk ships with the goal of buying more ships and they are now building their own port. think of the overhead costs they save. think of the middlemen they cut out [ie profit] and of the hassles involved. also think about controlling the port instead of dealing with 2 week waits at other ports for load and unload. they are fiscally conservative as far as debt. i have no idea why the stock is selling down but it all looks like buying opportunities to me, both trading and long term investment.