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Strategies & Market Trends : Value Investing
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To: Elroy who wrote (71115)9/9/2022 4:25:53 PM
From: scbeachbum2 Recommendations

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Elroy

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You can use the CME, the main steel contract is the Hot Rolled Coil futures. cmegroup.com

X is printing tons of cash, pretty much all the steel companies, it's just crazy how disconnected the market is from this reality, not to mention assets. You saw what X earned last quarter, eventually those margins will compress and normalize, but even say 12 months of earnings at these levels is transformational for a lot of these companies.
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