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Cotton & Western Mining In CWRN
Posted On: 08/15/2012 3:00:50 AM
Post# of 8059
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Posted By: microcaps
Re: grajekk #2268

From your cite:


"The first signs of a rebound in demand from steelmakers are emerging however.


Baosteel, China's largest steel mill industry bellwether, and others have been cutting back on the discounts offered on flat-rolled products. Liu Qiong, an analyst with researcher SteelHome explained it this way to the Global Times :


"Baosteel usually decides its monthly price list based on its order-receiving situation. Since its September price cut is much smaller compared with its price decreases for July and August, the mill must have seen improvement in its recent bookings."



It is true coal has been suffering and will probably continue to do so unless Montana/Wyoming coal companies get approval to ship coal to china in a significant way via railroads-since coal is being shuttered in the U.S. due to greenhouse gas emission concerns etc. and companies like clf that deal heavily in coal in addition to iron have been suffering most.














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