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

To: petal who wrote (71120)	9/14/2022 11:21:10 AM
From: Spekulatius	1 Recommendation Recommended By petal Read Replies (1) \| Respond to of 78717

Just keep in mind that X has a huge investing program as they seem to plan to complete change their production towards more arc furnaces from blast furnace, so the way I would look at this is that I would add the expected investment in this Alabama steel mill of $3B to the EV. So X is not quite as cheap than it looks. At least if you compare it to other steel stocks, you should take this into account. X stock is down because Nucor published a weak forecast, probably a consequence of the very recent crash in Steel prices (Hot rolled steel went back to the July lows approximately).