Slowdown - higher AUD - oversupply in China. All point one way imo.
Steel companies have enjoyed a phenomenal run over the past four years, with the S&P 500 Steel Index in the US soaring 600 per cent. But stockbrokers UBS and Credit Suisse warn the rally may be ending, with US construction activity slowing.
http://www.thewest.com.au/default.aspx?MenuID=32&ContentID=24046
a day closer to profit downgrade, page-6
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