Bosco & Crossy's stock picks,talk area Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: sscholle who wrote (8620)	3/30/2005 7:58:53 AM
From: Crossy	Read Replies (1) of 37387

sscholle, I have no explanation for that... unlike oil I have no current way to check into the price of steel or iron ore (futures markets).. pls. not that RESC or IIIN have risen much, so some technical reaction from their respective tops was expected. OTOH some buying opportunity might have been created. There are surely contradicting reports of Chinese steel trading trends. Some say the PRC is importing and more, others say it became an exporter again. No hard data to cling to. In such a situation, we have to check into the operational updates from the companies.. one explanation would be the increase in upstream input factor prices like Iron ore or coking coal.. OTOH.. minimill models like RESC do not need these inputs for their production process. But usually substitutes pricing tends to be somewhat correlated, so we might see increasing scrap metal pricing, at least in the US. Energy prices are certainly going up also.. rgrds CROSSY

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next