Steel prices at historically natural levels. China property...

Steel prices at historically natural levels. China property slump but possible military expansion? US/EU and RUS definitely kicking in the steel consumption with the war stockpiles dwindling in our beloved Ukraine. Which way does steel go? US and EU ramp up coking/steel production for the war machines? A bit far to be buying from us (not that we make much steel) or the lurking enemy that is China. Yes, if we as a people continue to delight ourselves in executing our fellows as a pastime, the steel industry will be strong. Rebuild Ukraine/Rus initiative will need it too. hard to salvage rusted out tanks for recycled steel. Drones and artillery shells need much steel. Who needs more housing constructed if we are planning to send the rabble to the frontline? That applies to China, Rus, EU, US. Things are heating up. Will steel balance out and slump in construction be absorbed by increase in military investment?

But for how long? Coal will go with the steel price. Does increased production of both steel/coal hit a wall when things cool off and demand dwindles like a scorched dandelion? Do we expect a slump as we had in 2015/2020 or do we go skyward from here? Fark wad knows! Military machine is in full swing and so is supply. China, India, EU, AU, US all investing in coal and steel.. Chinas property bust? No big deal, steel/coal prices are still strong. Military spending and demand may already be factored into commodity price. Another 5-10 years of war, things kick off for good? Doubt it.. If we expect it to happen it wont happen.. Noone expected Putin's pecker in Ukraine but there it is! Surprises make the world go round. 2001, 2008, 2020, nothing of the like happened prior in current living memory, so what happens next that rattles the coop will be unlike what we can imagine.

Do we see coal going somewhere? For the bottom of the cycle we need to see mass coal producers with a few halfs of losses. As long as we making the bacon the price of coal is high and new producers come in. Oversupply = price crash = profit gone = mothball low margin producers = undersupply = price rise. WHC sub $2 in 2-3 years or sooner. As with their buy back, which kicked off when prices at their peak, so too are the met/SSCC prices likely to tank when Blackwater/Daunia come online.. just in time for mass debt burden on WHC.. But then again I do not know anything!