#Steel has recently been in the headlines due to trade tensions and the U.S tariff on Chinese steel imports. Since then I have been passively monitoring the sector for any potential opportunities. $NUE seems like an interesting one although, I would like to see at least a little progress on infrastructure reform before I dive in.
#TataSteel is going through a internal conflict between Cyrus Mistry and Ratan Tata over the selling of Tata's european operations. The government has launched the restriction to protect the company from outside influence during a civil war between two most influential people in the company. After this move, American companies did too impose anti-dumping laws on steel imports which created more trouble for chinese #steel companies. This would create a trade war between steel companies over the world, one trying to drive the price up and one side trying to bring the price down. If the price doesn't move up the chinese steel companies would suffer the loss. If the price stays the same, we would see a price increase in american steel companies. $TATLY
Nucor: A Steel Trade We Like
#Steel has recently been in the headlines due to trade tensions and the U.S tariff on Chinese steel imports. Since then I have been passively monitoring the sector for any potential opportunities. $NUE seems like an interesting one although, I would like to see at least a little progress on infrastructure reform before I dive in.
The Trade Wars Begin: China Retaliates To Steel Tariffs With Global Anti-Dumping Duties
#TataSteel is going through a internal conflict between Cyrus Mistry and Ratan Tata over the selling of Tata's european operations. The government has launched the restriction to protect the company from outside influence during a civil war between two most influential people in the company. After this move, American companies did too impose anti-dumping laws on steel imports which created more trouble for chinese #steel companies. This would create a trade war between steel companies over the world, one trying to drive the price up and one side trying to bring the price down. If the price doesn't move up the chinese steel companies would suffer the loss. If the price stays the same, we would see a price increase in american steel companies. $TATLY