RE:US steel newsYes, US Steel. They are the ones who went bankrupt in Hamilton and Nanticoke and got away with very favorable government and court action. It was a disgrace. This is where Stelco rose from its ashes. Point is, US Steel has a history of inept financial management. Look at what the analyst said about the addition - "consume all the free cash flow" for 3 years, and cause "concerns about a.....oversupplied market with negative implications." Credit Suisse sees it a little differently.
Good post, Checkmate!