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ThomCa-ching

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ThomCa-ching

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Thursday, 05/12/2016 12:05:43 PM

Thursday, May 12, 2016 12:05:43 PM

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Barron's article out:

http://blogs.barrons.com/stockstowatchtoday/2016/05/12/u-s-steel-time-to-sell/

The premium of US to Chinese HRC has gone from $40/s.ton (which was below the historical average of a $100.8/s.ton premium for US product) to a whopping $231/s.ton today, which is over 2x the typical premium paid for US HRC vs. Chinese product… translation… A BOAT LOAD of imports are likely on the way…
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