A Riddle of Steel..onward Destroyer..

[PhilFish]

Damn big BUY miss here.. 80% rise since election.. but, anyway..

http://www.cnbc.com/2016/12/07/us-s...ate-investments-bring-back-jobs-ceo-says.html

steel is on the rise.. and why?

less regulation, less Chinese steel, decreased taxes..hope on the horizon for steel industry jobs..

 

[as seen on tv]

I'm not certain there will be "less Chinese steel"

I doubt if congress is going to endorse a 30% tariff on Chinese goods, even if trump does propose it after inauguration.

anyway, india is at least as big a player in the steel market. its where old tankers and other cargo vessels go to be recycled.

car sales are flat to down. the percentage of steel in cars is declining - its being superceded by aluminum, other alloys, plastics.

commercial construction and "infrastructure repair" are legitimate sources of demand for new steel I suppose.

 

[Corruptbuddha]

I'm not certain there will be "less Chinese steel"

I doubt if congress is going to endorse a 30% tariff on Chinese goods, even if trump does propose it after inauguration.

anyway, india is at least as big a player in the steel market. its where old tankers and other cargo vessels go to be recycled.

car sales are flat to down. the percentage of steel in cars is declining - its being superceded by aluminum, other alloys, plastics.

commercial construction and "infrastructure repair" are legitimate sources of demand for new steel I suppose.

You hit thew nail on the hid, I think. Infrastructure will require lots of steel. Investors are just getting in ahead of the curve.

 

[marvin martian]

Damn big BUY miss here.. 80% rise since election.. but, anyway..

http://www.cnbc.com/2016/12/07/us-s...ate-investments-bring-back-jobs-ceo-says.html

steel is on the rise.. and why?

less regulation, less Chinese steel, decreased taxes..hope on the horizon for steel industry jobs..

Definitely. Whoever made the call on that and bought before the election is a superstar. I was buying silver in October in the mid 17's in preparation for the Hillary crash. Now it's back to the low 17's amidst the confidence inspired by Trump's victory and the massive market rally.

 

[Bugsy McGurk]

Damn big BUY miss here.. 80% rise since election.. but, anyway..

http://www.cnbc.com/2016/12/07/us-s...ate-investments-bring-back-jobs-ceo-says.html

steel is on the rise.. and why?

less regulation, less Chinese steel, decreased taxes..hope on the horizon for steel industry jobs..

Trump was a major consumer of Chinese steel and he'll be too mortified now to continue that.

;-)

 

[as seen on tv]

You hit thew nail on the hid, I think. Infrastructure will require lots of steel. Investors are just getting in ahead of the curve.

we're still living in the iron age, apparently.