Not supposed to be, just thinking out loud.
Still bullish on steel long term, usage grows year on year. Don't see anything to stop this trend ATM, jus that supply has overrun demand for the time being.
Seen this happen a thousand times before with all sorts of commodities, and will see it again. Expansion will now screech to a halt and demand will catch up, it's just that you have to be able to hang on in tough times.
Hard to do that with big commitments i.e debt.
Ta for the concern Paprika.
AGO Price at posting:
59.0¢ Sentiment: Hold Disclosure: Held