Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Spekulatius who wrote (71124)	9/14/2022 6:49:10 PM
From: petal	Read Replies (1) \| Respond to of 78748

One more thing to take into account is that some of these steel co.'s have made forrays into "green" steel. (Which, as it turns out, might actually be significantly less green, all things considered, than traditional steel, according to academic research... lol) These have been expensive and may well turn out to be pretty worthless. In Sweden, more or less all of the steel is state-owned. That tends to lead to such price-insensitive follies. (I think state owned steel co.'s may be a common thing in Europe, but am not sure.) This will probably turn out to be another cost disadvantage, compared to perhaps more Carnegie-like steel co.'s in the US, whom might possibly be somewhat less quasi-ESG, and least a little more shareholder-conscious. (IDK) Trying to make mirages in order to appear squeeky clean is costly business.