Doug Everhart

Doug Everhart
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  • Steel Dynamics (STLD): Q4 EPS of $0.27 beats by $0.12. Revenue of $1.71B beats by $0.02B. (PR[View news story]
    Steel Dynamics once again proves that the mini mills far outshine the integrated mills in all types of markets. Their floating variable costs of scrap as a major raw material give them a hugh cost advantage in a dynamic price fluctuating market. Compare this to USX when they come out . Get to high ground or X's red ink will drown you.
    Jan 29, 2013. 02:56 AM | Likes Like |Link to Comment
  • French President Hollande says he discussed with ArcelorMittal (MT -2.3%) CEO Lakshmi Mittal "all options" regarding the fate of the embattled Florange steel plant in eastern France, including nationalization of the plant. The meeting was held as the row over MT's plan to shut two furnaces and related machinery at Florange has escalated[View news story]
    Mittal is like all steel companies (bleeding cash fast ) and has few options. Continuing to operate furnaces with no cost effective markets for the output is slow death, This is a world wide epidemic in the steel industry . The behemoth integrated mills making blast furnace based steels are akin to the slow hairy mammoths trying to survive against the saber toothed tigers ( mini mills and third world steel with much lower actual costs in terms of labor, legacy costs, and government regulatory costs and restrictions).
    Nov 27, 2012. 11:46 PM | 1 Like Like |Link to Comment
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