Steel

Capitalism Lesson #1: Don't Kill Anyone, Just Sue.

  From the Wall Street Journal: BEIJING — More than a thousand steel workers in China’s northeast staged an at-times violent protest against the planned takeover of their state-run employer and a group of them killed a top executive at the private company that was to acquire it, Chinese state-run media reported. How nice. So,…

Emerging Idol: Auditions for BRIC Without the "R"

It may be time to hold auditions to find a replacement for Russia in the BRIC countries. The other day, the New York Times dropped this delightful little nugget on those believing that Russia is a suitable place to invest: Russia’s Kemerovo region has notified ArcelorMittal that it will seize two of the world’s largest steel maker’s…

TGIF Market Recap: Sail Away with the Shippers

[youtube=http://www.youtube.com/watch?v=BARLfUmyBJA] The Reformed Broker, AKA Captain Dry Bulk, here with today’s Market Recap… Quiet day on The Street today overall, but the China-related stuff was on fire.  Aluminum, Building Materials and Steel names were all up nicely as of mid-day, but the show-stopper was the shipping sector in light of the DryShips (DRYS) earnings beat….