China is the driver of the ore command. Now China steel production is about one third of the whole world. Same time China still a steel importer.
There is no clear sign China economy will slow down any time soon. Even China economy slows down one day, Chinese gov will do the massive public infrastructure investment to stimulate the economy, which will keep the steel command at high level too.
Another thing is AYSI is a supplier of miners. The kind of mining project is long planed and time consuming. Usually the miners will have long term contract with steel maker, here long term means 10 or 20 years.
There is no sign the mining boom will cool down. In fact, I read one article at WSJ about this. It mentions the mining equip production is so stretched, miners need wait three time longer to get the stuff they want.
Finally the wear plate AYSI produces will wear down some time. It is like toner for a printer. Usually when a miner picks one supplier, it will stick with the same supplier for a long long time.
I firmly believe, as most the members of this board. We are having a great company, now just the beginning of the show. Let's sit tight, lay back and enjoy it.
Have a nice weekend.
