Steel Dynamics (STLD)

Add a New Bulls Reason Company: Steel Dynamics (STLD) Current price: Headline: (100 character max) Analysis: Cancel 85% agree 7 votes edit Favorable outlook for 2008 Top Contributor: Charles Colon | Created when NASDAQ:STLD was $59.57 | Edit | History The outlook for the global steel industry for 2008 is favorable, supported largely by continuing elevated demand from emerging economies.[1] Indeed, global demand for steel is expected to increase 4.9% annually through 2010.[2] (100 character max) Cancel 100% agree 2 votes edit Recent acquisitions will protect company from volatile price swings Top Contributor: Charles Colon | Created when NASDAQ:STLD was $59.57 | Edit | History Steel Dynamics' recent acquisitions of the steel scrap processor Omnisource and of an iron ore mine from Cleveland-Cliffs (CLF) will work to protect the company's financials in case of volatile pricing swings of these materials.[1][2] References ↑ Steel Dynamics Website ↑ Steel Dynamics Press Release Dec 3, 2007 (100 character max) Cancel 0% agree 0 votes edit Good prospects for US Steel due to falling dollar Top Contributor: Charles Colon | Created when NASDAQ:STLD was $59.57 | Edit | History The currently devalued dollar not only makes foreign steel less attractive to domestic consumers, but it makes U.S.-made steel more attractive to foreign consumers. Fewer foreign steel imports into the U.S. simply means less direct competition in the domestic market. (100 character max) Cancel

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