Charles Bradford
Charles Bradford
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.
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.
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?