Abslutely NOWHERE does it say they are going to give AKS an upgrade.
It says they are going to review. Now, that said, it is a positive. But the reality of the facts are this--the things they are going to review don't look real rosey and may actually be in the process of getting worse.
As to the the poster who said I don't back up my statement on new mills with facts. Do some research. All the new mills being built worldwide will scare the hell out of you. Huge new up to date mills with all the bells and whistles in China, the middle east, India, Eastern Europe, Brazil........ Do some DD yourself. I can't do it all for you.
Sure, every company has pricing power. Everyone of them.
Not that people will buy when the price goes up, but they all have pricing power.
I believe that ALL the new mills being built at a time when demand is slowing in many place will create a huge glut.
That said, as I said, he may be a good short term buy. I am a long term guy and I believe long term they are going to be hurting.
Also I see no bounceback in car sales, which will hurt them also.
Longbow? Who the hell is longbow. Sounds like somebody that sells target or hunting bows or something. Longbow are obsolete. The American Indian used longbows, and that did not turn out real well for them.