Gerdau AmeriSteel Corp. (GNA)

[realest]

Well, i have some interesting news for us 3. LOL, it seems the steel mills have enacted an across the board price hike on steel. No demand, inventories still moderately well stocked, lots of import available... funny funny business right now.

We are seeing some types of steel that appear to be tightening up, some are being bought up creating tension.

It could be a ploy by money men to get the prices up and help take some pressure off the mills. I personally think that would be a good thing for the country and the industy. Demand has stabilized although it's still very depressed as compared to months and years past. Also, quite a few blast furnaces are either idled or in process of idleing as we hear things.