I sure with I knew why everything is so sucky with the steel companies. What a disasster this has been!!
The price of iron ore and steel are expected to decline by as as 40% this year. Most don't think the recent up tick in prices since Novemeber will hold. Google the Einhorn short thesis for iron ore.
I see I got a thumbs down. Was that to the fact GGB is down or the post? I don't see any news. I guess earnings will tell the story.
no growth in economy means no growth in steel regardless of how much money central banks print. Obama doesn't do growth...he does control