Quote:
Originally Posted by bursito
The run prolly ends when the infrastructure bill is signed.
Possible I do think a supercycle is also actually possible.
"Two of the nation’s largest steelmakers are keeping older mills closed, passing up a chance to sell more metal at record prices, because of the high cost of restarting and the threats to their survival from rivals’ new plants.
The closures have exacerbated a shortage of steel..."
https://www.wsj.com/articles/steelma...es-11623322802
This isn't temporary btw, the following is from CLF
"That capacity is not coming back, and people need to stop talking about that capacity"
It seems steelmakers have learned from earlier cycles in this point.