Steel demand will continue to grow because of the steel tubing and piping required for distributing gas from producers countries to consumers countries in Saudi Arabia, Brasil, Venezuela, China, India, Bolivia and Peru; all of which are already building long lines of gas distribution gasoducts and are also already bidding new projects of hundreds or maybe thousand of miles long.
Now remember that steel mills are also producing overseas, so do not only include USA mills in your portfolio of stocks.
Jose Paulo Castro
South Florida
Jose Paulo Castroof 3:48PM July 03, 2008
I'm quite sure Nucor, U.S. Steel and ArcelorMittal control about two-thirds of domestic (rather than global, as stated in your article) ouput.
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joan Ark of ID 12:53PM July 06, 2008
Jose Paulo Castro of 3:48PM July 03, 2008
Bruce Edenson of IL 3:32PM June 04, 2008