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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (11294)	11/25/2001 10:36:52 PM
From: petekoby	Read Replies (1) \| Respond to of 74559

Hey Dolinar sorry did not responded earlier. I am in southeast. Out business in Tuscaloosa, AL, next large Corus mill. There is manufacturing going on. Threr is less foreighn steel coming but prices for prime steel 10.5-12c compare up to 18c 3 year ago. People are shipping but nobody making money today if you can make positive cash flow you are doing better than most , look how many bankrapcies are there. I would say that when price of steel will go up and price of scrap will go up you are at start of economic growth. Today people onthe street are gambling that it will start to happens at the beggining of the year. As long as you jump in early you can jump out fast and even walk away with decent profit. That is bear market rally . Now if economy starts to improve than they will ride it little longer and still will take a profit. For my take i still feel that orders will come up and down keeping overall capacity significantly underutilized and keeping prices where they are today for awhile. But time will come when it will start to pick up. Part of this time is already done, example LTV is dismantling significant capacity, so as Bethelehem. Bottom line we can not be indicator, but we will participate . Still I feel when comodity price index start to inch up we are recovering.