The state of the integrated Hot rolled market is out of control.
On pace to bring in 45 million tons of steel from countries who pay $3 a day, and have no EPA regulations at all.
Steel going the way of the NIKE gym shoe!
Greetings Mr. Borisbeer,
The August 6th post on X a dream come true. $34.00 and change then and is almost $40 today.
Will be dining out plenty this weekend, and leaving those underpaid servers a generous tip on the X-Boys!
hope you jumped, and are ordering a 2" thick Porterhouse tonight!
More upside to Come from the X-MEN.
The steam is back!!
x up 30% in 3 weeks, while CMC drops a bit.
The integrated's are booked full thru 12/31
x-ak-and Mittal can not make enough steel right now!
Iron ore almost all time $$ low
using much more hot metal than scrap in integrated prodcution
thus scrap prices will fall and the electrics AKA--CMC will profit in next few months.
Forget tipping the wait staffs, and put your tip % on CMC the next 5 months!
That is provided you do TIP the wait staffs!