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Conan the Barbarian » Comments » AKS

  • Major Metals are Looking Cheap [View article]
    Buying two steel stocks can be the wise thing to do.

    Different Steel Companies do not always manufacture the same products nor do they all have international exposure.

    Production, Internal/External, plants here/there.

    Steel stocks are not all things to all industries. Those which catered to the Auto Industry may hurt much longer than others.

    IMO
    Feb 26 07:10 am |Rating: +2 -1 |Link to Comment
  • Major Metals are Looking Cheap [View article]
    Aluminum will have to wait until the Auto industry improves.

    I do not remember what amount is used in every car but do remember that it was in the hundreds of pounds.

    Maybe someone else is in that business might be able to say.

    Worldwide current overcapacity combined with demand destruction will not turn the Aluminum world around on a dime.

    China is buying copper, copper inventories are Up 10% even with their interest. China is no longer adding in bulk, they are not interested in driving prices up.

    India will start buying soon, probably after China is done.

    You have heard of the Asean Zone, the $120 Billion being provided to Asian countries within their alliance. Of course, you have. They are cooperating with each other now. They had their Inflationary scares and subsequent slowdowns. They learn.
    Feb 25 13:59 pm |Rating: +2 -1 |Link to Comment
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