Archive for September 30th, 2008
US Steel shares down on ‘buyers’ strike’
Shares of steel producers fell hard Monday after buyers virtually suspended purchases in the expectation that the cost of steel product will fall.
"There’s actually a buyers’ strike at the moment," Soleil analyst Charles Bradford said in a telephone interview.
"Basically what happened is that the price of scrap steel plummeted in late August and early September [...]
Posted: September 30th, 2008 under Steel International, Steel News, Steel Prices.
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