Post by
extremerisk on Jul 29, 2021 9:39am
1880 this morning 2350cdn
Price of HRC keeps going up again this morning. At cost of $600 price is now 4 times cost. I don't think that has ever happened in steel industry. 1 1/2 year of business shutdown has created perfect storm now for extraordinary cash generation.
Comment by
fishcarrier on Jul 29, 2021 10:46am
I think for this time at least an 'extreme risk' is well placed. I am so happy I have a LOT of this stock.
Comment by
Blueswin on Jul 29, 2021 11:17am
How can I complain I bought it at $34 & it is $41 today & steel prices just seem to be climbing. I was hoping we would hit $40 before Q2 & then a jump when results were released. Again thank you to those who share information & dialogue. This both encouraged & affirmed my decsion to buy in!.