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Strategies & Market Trends : Commodities - The Coming Bull Market -- Ignore unavailable to you. Want to Upgrade?


To: craig crawford who wrote (720)8/21/2001 6:45:43 PM
From: craig crawford  Read Replies (1) | Respond to of 1643
 
Steel imports hurting U.S. firms, trade commission rules
miami.com

WASHINGTON -- (AP) -- Certain steel imports from Argentina and South Africa are hurting U.S. steel companies, the U.S. International Trade Commission ruled Friday in a unanimous decision.

The ruling means tariffs the Commerce Department set last month on hot-rolled steel will be imposed immediately, department spokesman Kurt Cultice said.

The tariff on steel from Argentina is 86.2 percent; from South Africa, 9.3 percent.

Hot-rolled steel ends up in just about every steel product, from welded pipe tubes to automobile body frames.



To: craig crawford who wrote (720)8/21/2001 10:11:04 PM
From: H James Morris  Read Replies (3) | Respond to of 1643
 
>The car industry, which uses palladium to cleanse exhaust fumes in catalysts, has displaced the electronics sector as the chief buyer for palladium as it struggles to meet ever tighter environmental standards.
That's my concern. If consumer spending slows down we'll have a glut of new cars.
Anyway, I have a stop in palladium at 400 if I kicked out the pain will be small. I'd take 500 in a heart beat.