is it worth investing in?
i've been in the business or a while, but not sold on it yet... would appreciate advise.
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is it worth investing in?
i've been in the business or a while, but not sold on it yet... would appreciate advise.
Do you mean like a steel company like X?
exactly. i've looked into some...especially the one i work for. so i've been debating doing it just not sold on the market!
https://pbs.twimg.com/media/CwDTQX4UIAE-4D6.jpg
Not my chart, but here is iron ore futures, which I'm sure has a bit of influence on steel companies. chart looks good to me
In hindsight, the market always looks like it knew well in advance.
completely
Just retired from the steel industry.
Commodity stainless and carbon Steels are going to have a very difficult time in generating income. Global over capacity of steel manufacturing has pushed the high cost manufacturers to be quite non competitive. Trade agreements will help a bit, but rust belt nations (US, UK, etc) have a serious cost problem. Anytime you have such an imbalance of high supply (producers) and low demand (customers) like we have today, it is going to be a difficult market.
Now specialty metals have a better picture. Much less low cost competition so pricing is more favorable.
Tread carefully. Follow the LME Nickle index to what us happening in the stainless and speciality steel world.
:thumb up2: