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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (13862)	5/5/2008 3:41:07 PM
From: Smiling Bob	Read Replies (2) \| Respond to of 19257

CLF - added more of these at .40 Talk about wild panic buying! 167.90 10.31 6.54% 1,570,339 Last Trade as of 3:38 PM ET 5/5/08 Trade Add to Watchlist Last Change / % Change Volume S&P Ranking Set AlertsSummary News Charts Options Fundamentals Insiders Earnings Financials SEC Filings CLF Option \| Exchange: OPRA 0.40 -0.80 -66.67% 0.68 0.40 0.45 0.70 0.40 99 Trade .CGJQG MAY 17, 2008 $ 135.000 PUT Last Change / % Change Today´s Open Bid Ask Day High Day Low V -- edit There's a lot of hope built into China leading the world in steel demand. Another industrial revolution in 2008 dollars? What happened to cheap steel being imported from China??? ---- Much of the current increase in global demand for steel is due to industrialization in countries such as China. China is seeking foreign supplies of the raw materials it needs to produce steel to build infrastructure, factories, hotels and other buildings and to manufacture motor vehicles and appliances. Currently, China is the world’s largest steel producer, with 37 percent of global steel production, and China’s steel production is expected to continue to grow. Chinese iron ore imports rose approximately 19 percent in 2007 and are expected to further increase in 2008. China is the largest consumer of iron ore, steel and copper. We are attempting to capitalize on China’s industrial growth by acquiring well-located iron ore and/or metallurgical coal properties and obtaining agreements to supply iron ore and coal to international steel producers. --- If the rate of steel consumption slows globally, it could lead to excess global capacity, increasing competition within the steel industry and increased imports into the United States, potentially lowering the demand for iron ore and coal. The world price of iron ore and coal are strongly influenced by international demand. The current growing level of international demand for raw materials for steel production is largely due to the rapid industrial growth in China. If the economic growth rate in China slows, which may be difficult to forecast, less steel may be used in construction and manufacturing, which could decrease demand for iron ore and coal. This could adversely impact the world iron ore and coal markets and our operations. A slowing of the economic growth rate globally leading to overcapacity in the steelmaking industry could also result in greater exports of steel out of Eastern Europe, Asia and Latin America, which, if imported into North America, could decrease demand for domestically produced steel, thereby decreasing the demand for iron ore and coal supplied in North America. During 2006, China became the world’s largest exporter of steel.