Look at the guy. He looks like he is half tank! He is also the only starter who doesn't have a second typing. Could it be because it would make him neutral to fire attacks? I wonder why they decided not to give him a second typing? What do you think?
From Zack’s: (more confirmation)
4 Steel Stocks Set to Gain on Spurred Up Demand in 2021
Mentioned: MT RYI SC.HN ZEUS
The steel industry in the United States now seems poised to make a comeback from the COVID-19 led slump during the earlier part of last year. Demand for the metal is gradually returning as manufacturers are springing to action. Notably, increased demand has led to higher steel prices. Per S&P Global Platts, the benchmark price for hot-rolled steel hit a two-year high of $900 per ton in December 2020, as mentioned in a Wall Street Journal article.
Moreover, the American Iron and Steel Institute reported that in the week ending Jan 2, production increased 3.1% from the week ending Dec 26, 2020. Capacity utilization also improved to 80.1% from the previous week’s capacity utilization of 72.3%. Although weekly productions were down on a year-over-year basis, the uptick in production from the prior holiday-induced week bodes well.
Reflective of the uptick in demand for steel, manufacturing activity has also been expanding in the United States. Per the latest report from the Institute for Supply Management, the purchasing manager’s index for December was 60.7% compared to 57.5% in November, marking the eighth consecutive month of growth.
Meanwhile, the World Steel Association (“worldsteel”) also forecast in a report that global demand for steel will rise 4.1% in 2021 following an estimated slump of 2.4% in 2020. Moreover, worldsteel predicted that demand for steel in the United States should increase 6.6% in 2021 following an estimated drop of 15.8% in 2020.
Separately, global production of light vehicles is expected to rebound in 2021. This rebound will be important because the automotive industry is a major contributor to demand for steel. Notably, IHS Markit estimated global light vehicle production to rebound 14% to 84.3 million units in 2021, following an estimated dip of 17% in 2020, as quoted in a Business Wire article. The article further mentioned that in North America, IHS Markit forecast a production increase of 29% on a year-over-year basis for the remainder of 2021 following a cautious view of the first quarter.
4 Steel Stocks to Buy Now
The outlook for the demand for steel is gradually improving. Steel prices have witnessed an uptick and reflective of the rising demand, manufacturing activity has also continued to expand. Meanwhile, production of light vehicles is also expected to rebound in 2021, a development that bod... keep reading on reddit ➡
CW: PPD and PPA
Again, do not steal my story; this is MY telenovela, get your own!
Sorry in advance for the length, its a long one!
Sooo I'm baaacck! Did ya miss me? It's been a while since I posted, since it was for the most part fairly quiet this last month or so....alas that was just the calm before the storm. But before diving into the drama, there is good news! Baby squish is here, she was born at 1:45 AM on 11/18, after only an hour and a half of labor; she was just as ready to be here as I was to meet her. She is thriving and doing great and we have finally gotten into a good routine as a family of 5!....and now, onto the show!
For those of you who aren't familiar with my little telenovela, feel free to take a look at my post history to get caught up.
So when I last visited with you all, I had just freaked out on my JNMIL, JNSIL and JMSIL over lying to me and basically kidnapping my daughter to go to MIL birthday party. There really was very little fallout from the incident, since I had made it quite clear what consequences would be. For those of you that are read up, I was especially devastated because my older JYSIL had taken part in the overall lie and used my trust in her against me, which placed her firmly in the JNSIL category along with MIL and SIL2. After I had calmed myself down several days later; I did reach out to SIL1 to get an explanation as to why she got involved and broke my trust. I knew she had to have a good reason, as she had always made it a point in the past to never get involved in the drama and we had a mutual respect for one another and I felt at the least I was owed an explanation from her, but I wasn't expecting what I got. It turns out that JNMIL dearest went crying to her EXDH mother about how I was so cruel and was keeping the kids from her and their cousins(JNSIL's kids) and all she wanted was for all the kids to be together for her birthday, that wasn't too much to ask; but mean old Villma2016 said no and oh WOE IS ME!(insert barf face and eyeroll deep enough to see the back of my brain). Now abuela(GMA) is almost 80 years old and was just diagnosed with Alzheimer's right before I found out I was pregnant, so just under a year ago...while she is still lucid most of the day, the onset has been rapid and she is starting to forget things and get them confused, one of the things she has forgotten is that FIL and MIL are divorced; which my MIL KNEW as her older brother is one of abuela's caretakers since he is... keep reading on reddit ➡
The question asked (like many of you have DM’ed me about):
Do you think a steel crash is coming?
I could give you another DD on micro and macroeconomics and explain exactly why we are not even near a crash.
For a crash to happen, there would need to be a nuclear bomb to take us all off the map.
Then in a billion years when whoever is rebuilding the world, I’d be bullish on steel.
Long story, short - when the MULTI-TRILLION US infrastructure drops and the rest of the world follows (and some already have - like China) anyone that is making steel will be printing faster than J-Powell.
I haven’t even gotten into the LUCRATIVE nature of government contracts some of these US steel manufacturers will get. Remember in the 80’s when the US government was building and paying $400 for toilet seats? They will come up with projects and contracts with mills to supply steel.
There will be a short supply and US businesses will be looking for import material that will come from the largest steel maker in the world - $MT. Well positioned in Canada and Mexico.
Oh, and I’m just giving you the US situation.
Imagine the same around the globe in all developed nations.
Not a lot of people realize that government is big business - the biggest when they want to be.
Throw all the global tension in there as well with all major country’s expanding their military’s - do you know how much steel goes into building naval vessels? Tanks? This is why there was a section 232 enacted - steel production is necessary for our safety and self-defense. Lastly, I once sold steel as part of a nuclear reactor project. Do you know how many truckloads of steel alone went into the building of one nuclear reactor? 1,600 - 24 ton trucks. 40,000T. To build one aircraft carrier? 60,000T.
Check this out: https://www.defense.gov/Newsroom/Releases/Release/Article/2442969/statement-from-deputy-secretary-of-defense-david-l-norquist-on-the-department-o/
Wanted to share as a lot of you keep asking.
I’m bullish on steel.
My first post said this was a short term play - to trade out in 6 months or when steel prices go sideways for 60 days straight.
I’m starting to believe this is a LONGER TERM PLAY.
I’m pushing out to August at this point.
Based on what Biden announces and will get passed - this may be a 2021 play into 2022.
Don’t get crazy yet.
Wait for the Vito blessing.
Hope Saturday night has been good.
More NFL tomorrow - bet the STEELERS TO CO... keep reading on reddit ➡
I have been in the steel business for 25+ years - buying and selling US domestically produced and imported steel from over 30 countries. Over the past 8 weeks we have not seen steel prices surge like this since 2008.
Supply concerns have spiked prices, but also, increased demand in finished goods - large appliances, construction materials - rebar, fasteners, steel beams, steel plate, etc
There is not relief in sight and many steel mills are having to purchase raw materials - iron ore and scrap at prices not seen since 2008.
That brings me to 3 🚀that will 🌙
MT - Arcelor Mittal
They are a dual benefit buy as they mine and produce - vertically integrated.
Their stock in June of 2008 stood at $297 - today it is $20. Facing a demand >>> supply situation not as great as we are at today.
I expect MT stock to increase by a minimum of 300-500% in very short order.
This is for a trade only and not long time hold.
It will increase over the next 8-12 weeks and accelerate after earnings until supply catches up with demand and it will.
It did and the stock dropped to $78 by October 2008.
Im telling you this one is going to MOON.
I have common stock but also have a VERY SIGNIFICANT position in June 18 2021 $25c
I am going to retire on this.
Massive recycling play here - these are the guys that supply scrap for steel manufacturing to companies that are “mini-mill” Electric Arc Furnaces that melt steel scrap and make rebar and other steel products.
Scrap prices just increased here in the United States by $90/ton - the largest increase since 2008.
In May 2008 It was trading at over $100/share.
Today it is $29/share.
I have common and smaller option positions.
This too will skyrocket and then trade out in early summer.
Vale like, MT is vertically integrated with mining and manufacturing.
May 2008 - $40/share
Today it is $16 share and on a blue sky trajectory - it will be $30 by March, maybe sooner.
Najarian is all over options on this one.
Google anything regarding “steel prices” and all you are going to see is... keep reading on reddit ➡
Many have you seen me drop the $KMI in comments as a play on steel.
So, who is Kinder Morgan?
Kinder Morgan is one of the largest energy infrastructure companies in North America. We own an interest in or operate approximately 83,000 miles of pipelines and 147 terminals. Our pipelines transport natural gas, gasoline, crude oil, carbon dioxide (CO2) and more. Our terminals store and handle renewable fuels, petroleum products, chemicals, vegetable oils and other products.
Now, almost everyone that knows Kinder Morgan knows them as one of the largest natural gas distributors/pipelines in the country.
2019 rankings (as 2020) are not out yet:
It is going to take a while for natural gas to get back to levels where it is profitable for drillers, but it is still being used and you need someone to distribute it.
$That is where $KMI comes into play and they are expanding the distribution and pipelines:
Ok, so you understand that they are big and move a lot of natural gas.
What they also do is handle logistics for other commodities and where we are concerned:
STEEL, SCRAP and COKING COAL.
Their terminals handle 59 BILLION TONS of dry bulk goods annually.
$KMI's terminals are used to store and ship steel scrap, finished steel coils, slabs, coal etc.
Where this becomes juicy is China's entry into the US steel scrap market for the first time in many, many years.
Do you know who the largest exporter of scrap in the world is?
THE UNITED STATES.
This was talked about today on $CMC's conference call - China's desire for our scrap and the buying will soon start.
$KMI will be one of the main players exporting scrap and importing finished steel goods.
They also store product for US Steel manufacturers like $NUE.
https://preview.redd.it/o4gxqaz3nsa61.jpg?width=961&format=pjpg&auto=webp&s=8de24fcac93c84185d0d4a7216... keep reading on reddit ➡
CFRA MAINTAINS STRONG BUY OPINION ON SHARES OF CLEVELAND-CLIFFS INC.
We increase our 12-month target price by $8 to $22, which assumes CLF will tradeat an EV/EBITDA multiple of 9.0x our '21 EBITDA estimate, a premium to CLF'sthree-year average forward EV/EBITDA of 8.0x, which we think is justified by thestrong improvement in domestic steel fundamentals and CLF's businesstransformation via strategic acquisitions. We narrow our '20 loss per shareestimate by $0.10 to $0.19 and increase our '21 EPS estimate by $1.86 to $3.11,as we account for the recent surge in steel prices and CLF closing itsacquisition of ArcelorMittal USA (AM USA). With the integration of AM USA, CLFeffectively increases its iron ore pellet supply capacity from 20 million tonnesto 28 million tonnes and increases intercompany sales of pellets from 45% to90%. The two acquisitions of CLF's largest customers (AK Steel and AM USA)should lower the volatility of CLF's earnings and, more importantly, CLF hasbecome a powerhouse in the domestic steel industry, one that is over-indexed to automotive
2021-01-08 13:13:00 GMT DJ US Steel Price Target Announced at $28.00/Share by Deutsche bank
2021-01-08 13:02:00 GMT DJ Commercial Metals Price Target Announced at $22.00/Share by Deutsche bank
$MT, $VALE, $CMC, $STLD
Hang in there.
It got hotter faster than expected and pullbacks are healthy.
Buying started coming in on the beaten down stocks today.
This is a GOLDEN OPPORTUNITY TO COST AVERAGE.
Everyone that keeps asking “when is a good entry point?”
On all steel stocks that are down today.
Buy the dip.
You will thank yourself later.
Rising tides lift all boats and we are closing in on 2008 levels as said by Schnitzer yesterday.
Also, remember it’s Friday and we have had a barn burner week.
There will be profit takers.
Many thought I was full of shit for a couple weeks.
Then the wave came.
This is the wave ebbing back before another larger one.
What a week in steel with some BIG MOVES.
Then came this morning. . .people panicked and paper hands sold.
As I said this morning, be patient and hold - it had gotten too hot too fast and we were due for a cool off, however I said - THIS IS YOUR BUYING OPPORTUNITY!
BUY THE DIP!
THE TREND IS YOUR FRIEND!
$CMC was downgraded today to HOLD by Deutsche and then it dumped.
I disagree with their opinion - HIGHLY DISAGREE.
They then upgrade $X and it moons.
Upgrades are great, but you have to take downgrades with a grain of salt, especially by a bank that is upgrading a competing US steel stock on the same day. . .what are they holding? What do they want to buy?
It smells a little suspect, but that's why you do your own research.
Anyhow, on to the real news of the day that reversed the market and that was Biden's press conference and he laid out that he would be announcing his economic package next week.
"Biden is also likely to push for a larger legislative effort later in 2021 after the initial stimulus package. That effort is expected to focus on spending trillions of dollars on infrastructure and clean-energy jobs."
The market instantly reversed and steel started recovering, quickly and by the AH action, I believe we are PRIMED FOR A BIG WEEK COME MONDAY.
What really stood out to me today was this as well:
Everyone that has read my posts know $MT is my favorite play.
The doubters in the beginning (and still - I do get your DM's - lots of angry people out there!) said this was a pump and dump.
$MT popped and then went sideways for a week or so - I said to wait and be patient.
That patience has started to come to fruition.
These increases are immediate and will be taken and like Oliver Twist - customers will say, "please sir, I want some more"
$MT: No problem, it's another $50/ton"
Customer: "Please sir, I want some more"
$MT: Sure another $100/ton and it will ship in June, oh and by the way, you'll have to pay extra by then because your price is now the price we agreed upon and adders, so PRICE TIME OF SHIPMENT.
By the way, that is becomin... keep reading on reddit ➡
Guys, stay calm!
Lots of noise this morning over impeachment and other shit that doesn’t mean anything.
A lot of dip buying came in and if you bought the dip at open, good for you.
Remember the Biden MULTI-TRILLION infrastructure plan is coming this week.
Here is info hot off the presses on steel in Europe and Asia:
Northwest EU rebar prices rocket 🚀 above 12-YEAR HIGH on scrap concerns
Northwest European domestic rebar prices have jumped sharply and mills have continued to raise offer prices amid continued pressure from soaring scrap prices, market participants said Jan. 8.
Platts assessed Northwest Europe Rebar at Eur625/mt ex-works Jan. 8, up Eur80/mt on week. The index has risen Eur165/mt since early November.
This meant the index reached its highest level since Sept. 15, 2008, when the price was Eur661/mt ex-works.
“Mills were expecting scrap prices to rise Eur50/mt on month for January contracts but now they have to produce the deals booked at far lower prices in December, and so they need to compensate those losses with far higher new offers,” a Benelux-based distributor said.
A German mill booked a deal for around 250 mt on Dec. 31 at Eur630/mt delivered Benelux but was heard to be not actively offering this week.
“This level [Eur370/mt base price, with Eur260/mt extras] was workable but a lot of mills aren’t selling at this level anymore, either as they are fully booked or waiting on scrap developments,” a seller source said. “Some mills have quite low scrap stocks now.”
A French mill hiked its offer by Eur40/mt over the week ended Jan. 8 citing a base price of Eur410/mt on Jan. 7, up from Eur370/mt on Jan. 4.
A European mill was heard to offer material at Eur650/mt delivered, adding that up to Eur680/mt delivered could also be possible in the near-term.
“With lead times in delivery for scrap exports extending beyond seven-to-eight weeks, the domestic European mills have been taken aback by the volume of tonnages that has been sucked out for exports and their price response adding further fuel and wind to the fiery situation,” the recycler added.
Negotiations for January scrap contracts are currently taking place, said one EU recycler citing indicative mill bids for shredded scrap at Eur360-365/mt delivered in Northern Europe, with sell-side offers heard as high as Eur375-385/mt delivered.
Platts’ December assessment for Northern European domestic shredded scrap was Eur275/mt delivered, up sharply from Eur242.50/mt delivered... keep reading on reddit ➡
As an observational astronomer, my research focused on star formation and galaxy evolution. As an educator with over 25 years' experience, I am a qualified high school teacher, have held lectureships at Harvard University, University College London and University College Dublin, and am an eight-time recipient of Harvard's Certificate of Distinction in Teaching award for undergraduate education. My experience spans formal and informal education, teacher training, exhibit design and multimedia product development. I have an interest in special needs audiences, and co-wrote, for NASA and the Chandra X-Ray Center, the first Braille book on multiwavelength astrophysics: Touch the Invisible Sky.
I'll be answering questions at 10 am PST (1 PM ET, 18 UT), AMA!
Rep. Michelle Steel (R-Calif.) has tested positive for coronavirus. - Aaron Blake, WaPo
In a heated battle with a friend and would like Reddit to help settle this.
Mantis shrimp: https://en.m.wikipedia.org/wiki/Mantis_shrimp
You pick your 10 college athletes. Here’s some info:
-The athletes get 1 week to prepare and learn how to scuba dive.
-the mantis shrimp gets 1 week with Rocky Balboa as a sparring partner.
I just had a thought. Maesters forge a valyrian steel chain link when they study the higher mysteries, which is a fancy way of saying magic. And according to Maester Luwin, it's not uncommon for younger maesters to study it either. And Valyrian steel is super expensive and rare. So where tf are maesters getting this shit from? Especially when people like Tywin would go to great lengths for Valyrian steel. There's no small amount of maesters; most noble families seem to retain one, and there's a bunch of them hanging around Oldtown besides. So even a small percentage of them studying magic and graduating is going to mean quite a few Valyrian steel links getting made. And the maesters have been around for centuries; surely if they only had a random sword or something they were reforging, it would have been used up a long time ago. So where is all of this Valyrian steel coming from?
Also it makes me a little interested about the fact Sam has just learnt that Valyrian steel is vital to the wall's defense. And if the maesters are hiding on a giant stack of the stuff, and he's just joined up with the most roguish and unscrupuleous arch maester around, does anybody else smell shenanigans brewing?
Also, as a side note, master smiths in King's Landing seem to consider it the epitome of their craft to know the secret spells that let Valyrian steel be reshaped. So uhh...does that mean that any random maester knows these fabelled arts? And followup question, do you really need spells and incantations to rework the steel, or is it just the smith being dramatic? And if he's being sincere, did nobody in the so called knights of the mind think "hey, this supposedly magic steel can't be reshaped unless you say magic words over it. And we just spent a few months studying magic. Think there's a connection here?" before they started saying magic isn't real?
Tl;DR: There's something weird going on with how much Valyrian steel the maesters seem to have, and it makes me suss. What do you dudes think?