Cont'd That will result in less stock held at sites awaiting...

Cont'd
That will result in less stock held at sites awaiting sale and more shipments on consignment to agents freeing up considerable working capital and one can assume some cash from selling sites to pay redundancies.
Those complaining about steel need to consider just how many employees have been shed with as little disruption to their sales volume as possible.
Price rises of say 5% on 1.9bn of manufactured steel sales is a nice $100m for the kitty.That is in the construction segment only.
Add another 8 to 900 KT of steel ex arc furnaces at 20~30 bucks a ton scrap drop to sale price could easily see another 20m shift in economics.

Much has changed since June.

DYOR + always DYODD