"According to World Steel Association , steel demand in the U.S. was down 41.6% in 2009 at 57.4 million tons. However, with the economy in recovery mode, the industrial sector is expected to drive a 26.5% increase in steel demand in the U.S. in 2010 and a further 7.5% in 2011 to 78.1 million tons.
And of course from the same source...
"Globally, worldsteel anticipates steel demand to rise 10.7% to 1,241 million tons in 2010 in contrast to last years decline of 6.7%. For 2011, worldsteel expects global steel requirement to inch up 5.3% to 1,306 million tons."
Oh dear,at this SP level the amateur down rampers are begining to look like just that, amateurs ! If you must down ramp please please give me something, anything, that I can work with. Something that catches my eye and makes me gasp and say "Wow" now I see the light, now I get it!
The Smart Money is running the show....when they are ready the share price will turn and they will target other companies till they decide to come back, that's how it's done these days.
Enough ..enough for today..nice try
Think I'll plant some more tomatoes
"If you're not on the inside, you're on the outside"G.Geko
Cheers to all holders
BSL Price at posting:
$1.69 Sentiment: Buy Disclosure: Held
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