|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||44.47 - 44.65|
|52 Week Range||33.91 - 45.19|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.74%|
Margins for China's steel producers should be better than expected in the third and fourth quarters, and China's steel names are still cheap, Jefferies says. In July, U.S. negotiators unsuccessfully pressed China to cut steel production, and pressured China to reduce its trade surplus with the United States, according to reports at the time. Meanwhile, the U.S. content in automobiles -- including electronics and steel -- has declined while China's and Asia's has gone up, and the United States wants that to change, U.S. Commerce Secretary Wilbur Ross said in a Bloomberg interview Friday as North American Free Trade Agreement negotiations resume Saturday.
Asian shares were mixed after Wall Street edged down as markets continued to digest the Fed's signal Wednesday that hikes were on the cards.
If this week’s comments by U.S. Trade Representative Robert Lightizer are an indicator, Trump really will get tougher on trade. Look out China.