RE:RE:RE:RE:RE:RE:EarningsAnalysts concensus seems to be that prices will continue falling but, as I stated with Stelco, even if the prices receded to the mid-2022 futures price the steel companies appear to have good financial prospects, particularly if volumes do not recede say 20% or more from the ever-increasing delivery volumes currently taking place. Also negative is the cost per tonne increase (about $200 per tonne y/y last qtr) and with lower volumes this becomes exacerbated. Stelco I believe to be better bet as they already honed their production facilities and costs. I still reckon upper $40's can be supported for them and, altho I have just gone long ASTL, I do have the concerns for subsequent qtrs. With the current qtr estimates for both companies already taken into account and with the potential pricing/costs risks that exist, the investment mood for steels is negative. I have some hope, however, that the share price has been overly discounted..