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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Boca_PETE who wrote (35096)2/28/2002 8:27:01 PM
From: dvdw©  Read Replies (2) of 99280
 
Please Pete: Your Projecting your values, not thinking about the true Supply demand equation for steel. Give us a break.

Steel is weak and why shouldnt it be? World wide glut. Soviets can export steel with transportation and beat the US producer price.

So what if they do a 40% tariff, guess what, it wont matter. Demand is shifting, new technology is coming on stream to replace steel in maybe 40% of it's now entrenched applications.

So even with the Tariff the outlook for steel is bleak. NUCOR by way of example is Specialty steel and that demand will remain, but bulk commodity steel, the laws of comparative advantage show that we are not the low cost producer anymore and thats all there is too it.

I'd devote my time to finding out what that might be if you want to make money.

RO/RX=CF
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