Hupsteel

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13 years 4 months ago #4878 by sgmarket
Hupsteel was created by sgmarket
With the uptick in rig contracts, Hupsteel stands to gain the most with its 70% exposure to this sector.
In terms of steel prices, there may be a knee jerk reaction to the recent floods in Australia which has disrupted the supply of coking coal which will in turn affect the margins of stockists like Hupsteel positively.
Already, industry is predicting higher prices in 1Q 2011.
 
 

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