Alloy Steel Inc. (fka AYSI)

[canric]

The long term future is mainly decided by China, which is the driver behind this commodity boom. Currently china produces 1/3 of world steel.

China's long term growth story is intact. Just think about this Olympics, the whole expense is $44B. But the central gov has nearly $150B surplus at the first half of year.

I could not think about any main countries have so significant surplus.

So the worst case, even china stepped into recession, the china gov would have much bigger room to leverage, comparing to Fed.