Breakout At Steel Dynamics, Inc. (stld)

Discussion in 'Investment Charts' started by gowiththeflow, Feb 20, 2018.

  1. gowiththeflow

    gowiththeflow Senior Investor

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  2. longtermbull

    longtermbull Administrator Staff Member

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    Best way to benefit from tariff changes might be to buy a selection of steel companies - personally I think we will see consolidation of the sector at some stage with takeovers and mergers.
     
  3. Chartman

    Chartman Senior Investor

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    Whats the betting we see some short term consolidation in the steel sector? Mergers and acquisitions must surely be on the cards?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Now the steel import tariffs have been announced surely China, as one example, is not just going to sit back and take it on the chin? Expect tit-for-tat tariffs from at least China and maybe more US trading partners.
     
  5. Buyonthedips

    Buyonthedips Senior Investor

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    Looks like the increase in steel tariffs has caused a stir lol In reality the US has been a magnet for cheap steel to the cost of the US steel industry so Donald Trump is quite entitled to protect the US steel industry. The reason that imported steel has been so cheap? Simple, many of the companies involved are bankrolled or working hand in hand with their national governments.
     
  6. Chartman

    Chartman Senior Investor

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    The word seems to be that Donald Trump will introduce tariffs for an array of additional products and services and also has Europe in his sights. Trade war on the way?
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    Seems as though the euphoria over an increase in import tariffs has made way to concerns about what other countries may impose on US exports.
     
  8. Chartman

    Chartman Senior Investor

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    These shares dont seem to be drifting back too far - might be due another burst soon?
     
  9. longtermbull

    longtermbull Administrator Staff Member

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    The trend is still on the upside but it does not look as though investors think this is the game changer we all assumed - well not yet.
     
  10. Buyonthedips

    Buyonthedips Senior Investor

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    How quickly things can change lol

    Looks as though the shares have broken out of their slumber - more upside?
     
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