Gerdau AmeriSteel Corp. (GNA)

[realest]

Announced to us as of last week. It's truely a gentlemens agreement. Everyone went up the same almost at the same time. When you ask any steel producer about it... silence reigns along with "when would you like to book your order".

I think they are testing the waters to see how far they can push it up without killing their customers. It's very interesting to note that in 2004 they did the exact same thing and it led to a huge explosion in price and demand as everyone raced to build and beat the expense. However, the credit markets are trashed, so that can't possibly happen again. Can it?