View: slopechart_X,CLF.jpg

helps being an acquisition target 9/10/24

X down 5% after it got 4 upgrades today and everyone piled into it 9/10/24

MT and STLD are both falling. 
 
Personally, I'd bet that steel and copper demand are falling in China mostly because the government says they are. Wait until the "millions of tons of rehypothecated copper are sitting in Chinese warehouses" stories get released, accompanied by photos of copper ingots stacked a mile high. Chinese would probably like to see $3 copper or under. 9/10/24