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AK Steel Holding Corporation Message Board

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  • daisyduffis06 daisyduffis06 Aug 24, 2012 12:24 PM Flag

    Dahlman Rose must know all

    He does follow the steel stocks very close and he's a respected analyst. I have heard rumors that most steel stocks are flat lining the next few months at least. But could be much worse if China starts dumping steel for nothing in the US.

    Sentiment: Strong Sell

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    • China can not dump steel in the US, because the US domestic industry is protected. There are duties on Chinese hot rolled as high as 80-90%. The duties are significantly less on coated steel (galvanized). However, China is really not a threat to steel mills in the midwest portion, and southern portion of the US, where most of the steel mills are located. Also, if China started dumping steel, which is not logical, then immediately there would be dumping suits.

 
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