Steel analyst
- foreign steel is now being used more in foreign countries (i.e. larger share of domestic pie is going to domestics)
- NUE and STLD contain costs well
- consolidation is good for blast furnace operation - which operate best all on or all off, so if a company has more blast furnaces, it has greater granularity in terms of operating efficiency
- NUE has great hedges in place for natural gas costs
- picks - NUE, RS, STLD, AKS
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