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To: Zeus549 who wrote (4139)2/18/1998 1:31:00 PM
From: David Graham  Respond to of 7006
 
Lee,

The person that addressed the concern was speaking of flooding the market with Korean steel. In this case the market drop would be in response to price pressure from the outside. As they do not carry an inventory of substantial size, there purchase price should drop in relation to the market price. Therefore they only have exposure to the spread.

Grammy