We should expect to see some news on the export front I would suspect from all the previous CC's I have listened to. Moreover, hopefully, they will pre-announce Q4, since it will be so much better than Q3.
Regards to all Longs
PS: TIME TO LOAD UP AND LOAD NOW FOR THE LONG HAUL TO OVER TEN TO TWELVE TRADING STOCK PRICE
The bright spot in the global steel industry is China. I believe that Chinese steelmakers should be on the radar screens of more investors. China is the world's largest steel producing country, and its crude steel production is expected to increase 4.6% this year to a record 7.5 million tonnes. For 2012 China's demand for steel increased 3.1% over 2011.
Chinese steel production is likely to continue to increase as governmental approval is obtained for major projects, including dams, hydroelectric facilities, nuclear facilities, ports, railroads and construction projects in rural areas.
The macro climate stinks IT cant be good. The fact they are posting is a very big win...... China stocks stink and the industry stink. Blood in the street bad! NOW, you have China companies that cant report all the information needed by the US SEC. Sorts have destroyed China stocks with the ACCOUNTING DIVIDE that is trying to be worked out with the China Government and the SEC. This terrible climate creates fantastic opportunities. Regulators want access to (( all))) the information and the China Government will arrest Company EXECs who violate the China State secret ACT,,, ((((Catch 22)))),,, Great article in IBD FEB 19 2013. Explains why the companies cant comply completely The China Government is more to blame then the companies that are called scams. SHORTS and exploiters are the scams.... The Shorts knew this and the hit pieces exploited the macro situation. There are bad companies world wide others are down right steals right now. I think this company is real and the China securities regulatory agency will give some ground because of the bigger players like BIDU, SOHU, and Ten-cent, IF The PCAOB cant resolve the accounting issues with China regulators the talks will likely be taken up by the US-China Strategic Economic talks later this year..... . I think the company is a buy here with the stocks CHOP and other destroyed China stock captives. It is very political and on a macro scale also.