MT will get a major boost when CHINA provides stimulus. anyday the annoucement....
steel stocks will rebound finally. MT will soar on this news. has been showing signs of life knowing the news will be out shortly!! buy buy buy. CHINA will provide stimulus!! they are a smart country and will not drag out economy problems there... buy MT, X. X is a buy out target, so is TPLM, KOG WFT!!!
China has been stimulating since 2009, which has only created more overcapacity, investments with negative returns and inflation.
IMO not much more they can do except reduce the impact of the inevitable down turn.
Commodity prices have probably peaked with the best case scenario is maintining the current prices and worst case a crash.