Charles Bradford
Charles Bradford
appear business core metals
It is an extraneous business that Reynolds Metals had. It does not appear to be a core business,
company metal price reasonable shows surprises
They look terrific. The metal price is the key, and there wasn't any surprises in other areas. It shows you what the company can do in a reasonable environment.
bid following raised seeing steel
I can't recall, in the 40 years I've been following the steel industry, ever seeing a bid that was raised after already winning.
bet local united
If you're a local union, that's your only revenue. I bet if the United Steelworkers were in there, this would be settled.
generally percent
It's generally pretty vague. It could be 10 percent or more, but 10 percent or more of what?
attractive company
It's a nonunion company that has been consistently profitable. That's always attractive in the industry.
expect prices steel
Expect steel prices to go up by $30 or $35 (US) imminently.
concerned family owns
If the family owns 88 percent, you need to be concerned about who they are working for, the shareholders or themselves.
below guidance quarter second steel strongest though
The (second-quarter) guidance was not very strong, below first-quarter numbers, even though the second quarter is historically the strongest for steel companies, especially mini-mills.
reflects surprising
It's not surprising at all, because (Nucor) reflects the market.
arrival certainly chinese continue excess june north per price prices raised sell
The Chinese just raised the price for June arrival because they certainly have excess capacity, so they will continue to sell it well under North American prices and still get more per ton.
gone
That's why nobody's gone after them in the past.
customers lose matter strike
It doesn't matter if it's a strike or lockout, if you don't have the product, they could lose customers long term.
companies fuel hit impossible number problem
All these companies are getting hit by (natural) gas. The problem is we know what they are getting hit by but it's impossible to put a number on because you don't know (about long-term fuel contracts).