Last week, Nucor dropped the price dramatically on some steel shapes. Now, we hear of some steel plants shutting down. See stories here and here. The stocks of steel companies continue to be hammered. And yet, notwithstanding, I have yet to hear about a single steel company going to the federal government looking for a handout. I think that is admirable. Hopefully, the wheels of the stimulus package aimed at construction and infrastructure will begin to turn a little faster soon. Then we will start seeing some real recovery.

Tags: Steel

This entry was posted on Wednesday, March 11th, 2009 at 9:28 am and is filed under Steel, news. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.