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Non-Tech : RECY Looking Good... A -- Ignore unavailable to you. Want to Upgrade?

To: voyager.ed who wrote (4118)	2/16/1998 2:13:00 PM
From: ed doell	Read Replies (6) \| Respond to of 7006

Hi Ed, A couple of months ago, in November I believe, I made the case that the Koreans would dump steel on the US because of their financial needs and situation. This opinion, to put it mildly, was universally not well received on this thread, and was actually labeled as "naysaying" by Mr. Strauss, despite the fact that it was shared with me by some very savvy professional shipping brokers. This same view of the effect of Korean steel on US steel was stated today on CNBC in its investment conference this morning. This morning, Mr Bruce Lupatkin of H & Q (I hope that RECY threaders are familiar with H n Q before they flame this post) stated that in his opinion other US based sectors would be hit downstream from the Asian financial crisis; in particular, he clearly stated, without hesitation or qualification, that the Koreans would dump steel, autos and other durable goods besides computer chips on the US. And that as a result those US sectors would suffer. Now I realize that this is an unpopular pov on the RECY thread regarding the US steel market, and I expect more derogatory posts because I have restated it. However, I think the alert investor will consider Mr. Lupatkin's view of the domestic steel market with respect the scrap market, etc. and RECY's relation to it. Ed