Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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From: energyplay	3/3/2005 3:12:44 AM
	Read Replies (2) of 74559

Steel prices dropping ? China really exporting steel ? "3/2/05 10:13 AM ET Robert Marcin Sell the steel group. Inventories are way up, steel prices are dropping hard, China is exporting, global capacity is growing 2x's the consumption rate and the analysts/investors are ignoring the fundamentals. This situation is just like the oil disconnect from last year. And, the shares are held by the mo-mos. Wait til the news gets out.... long oil, short steel"

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