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ISG - Steel Profit
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Thu Nov 20 2008

Thu Nov 20 2008

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ISG - Steel Profit


It is. We actually sort of discussed this industry in this thread. [url]http://www.superiorinvestor.net/postlite413-steel.html[/url] There wasn't much follow up on it :) The price has decreased into the high 20's, from a 52 week high of 43.50. Stands to reason steel is a staple in our society..


This comment isn't in about ISG (please forgive) but about steel (so close :) ) I was reading IBD today that US Steel (largest American steel producer) topped views by 26 cents. The increase was credited to high prices and tight supply. Increased demand from China also helped. I think steel is one of those industries that has been around a long time and isn't going anywhere anytime soon. I think Americans would rather depend on American steel with American workers. I would consider adding a steel stock into my portfolio.

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