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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: dvdw© who wrote (35100)	3/1/2002 1:32:37 AM
From: SirRealist	Read Replies (1) \| Respond to of 99280

Good analysis dvdw.... mebbe the next fabricating material won't be steel.... Kevlar?

To: dvdw© who wrote (35100)	3/1/2002 8:12:37 AM
From: Boca_PETE	Respond to of 99280

dvdw - now, now -don't be so harsh. There's no mention in my post about "values" or "true supply and demand". What sparked the post was a union guy I saw on TV asserting that U.S. steel companies had made lots of process improvements over the years which are reflected in comparative industry productivity metrics. He said the crux of the dumping originated from overproduction outside the U.S. and underproduction in the U.S. I realize union guys in a dying industry have a less than free trade agenda they come from. If non-U.S. steel producers are also still the low cost producers as you say, it may be that the strong U.S. Dollar may be a contributing cause if the union guy is correct in his assertion. Clearly the President has a tough decision to make since he is courting union votes for the next election and as we know the 2000 election was as a squeaker. Surely he has been advise about the stock market impact of the Smoot-Hally Tariffs during the 1930's and he must be apprehensive that another stock market swoon could occur if he decides in favor of the 40% tariff. At any rate, thanks for your solid and obviously knowledgeable comments. That's what I was seeking since I don't follow the steel industry closely. P