"U.S. steel mills are now probably operating at less than half their capacity, down from full capacity in August, said industry analyst Michelle Applebaum. That would be their lowest point since the early 1980s."
1 posted on
11/23/2008 1:19:49 PM PST by
dano1
To: dano1
Warming up for another bailout...
2 posted on
11/23/2008 1:27:33 PM PST by
glorgau
To: dano1
They found out that fire can’t melt steel.
3 posted on
11/23/2008 1:31:24 PM PST by
informavoracious
(It's after midnight, I'm FReepwalking...)
To: dano1
When the prices drop low enough, I’ll get enough to work on a couple of projects the high prices prevented.
4 posted on
11/23/2008 1:43:07 PM PST by
pallis
To: dano1
Charter Steel in Cleveland has throttled back big-time!
To: dano1
The industry simply ran prices up too far too fast when they had it good and are now reaping what they sowed.
To: dano1
Talk about a melt down, I bought AKS, AK Steel in February at $43 and sold it at $69 less than three months later. I looked at the stock last week and was shocked to see it was down to $6.00.
8 posted on
11/23/2008 2:40:48 PM PST by
jsh3180
To: dano1
U.S Steel - 2 year chart
To: dano1
Basic Materials
To: dano1
Auto manufacturers are the biggest purchasers of steel, so this is not surprising with the serious downturn in the auto market.
13 posted on
11/23/2008 3:11:43 PM PST by
Azzurri
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