I have been holding since last earnings, Hope this will go up. Atleast for pete,s sake it should start moving closer to 6 in next 1 week.
US STEEL Q2 Profits SOARED due mainly to rolled steel products.... and they see more of the same in Q3. This should bode extremely well for CPSL.
The company's business for flat-rolled steel, used in autos and appliances, saw the most dramatic gain, with quarterly operating income soaring to $478 million from $92 million.The results reflect strong operating performance and favorable global pricing dynamics, he said.Looking ahead to the July-September period, Surma said the company expects "another excellent quarter," with growth driven by higher prices set in the second quarter and early third quarter.