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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (2777)12/16/1997 1:48:00 PM
From: Ron Bower  Respond to of 78602
 
Paul,

You may have touched on the biggest problem facing US steel companies -SE Asia competition. Most of my research lately has been in the region. China companies are ramping up production with strong backing from the PRC, other countries have sharply devalued currencies. This could depress steel prices over the next few years and make it difficult for the unionized US companies that are trying to comply with stricter government regulations.

Just my 2 cents,
Ron