Category Archives: Steel
A case for buying Vale
The sky is falling! The sky is falling! Buy, buy, buy. I am looking at the doom and gloom in the marketplace and I think about how in some cases people overreact to bad news. I am going to stay … Continue reading
Filed under By Benjamin, Iron Ore, Steel, Vale
CSN’s mine is up for sale
Shagang seeks to buy stake in CSN’s iron ore unit Benjamin S. is always willing to sell his good assets to protect his not-so-good ones. CSN controlled Vale, and when the split came, Benjamin S. went the steel route. The … Continue reading
NIMBY and steel
The new barrier to entry is the environmental license to operate. Okay, that seems like a simple statement, but whenever I look at industries that interest me–and I do not mean mines, but actual factories–the single largest barrier to entry … Continue reading
Filed under Porter's Five Forces, Steel
Steel vs. Iron ore
It has been a long week and I have been traveling a lot, so sorry about the scarcity of updates. I have spent most of the week thinking about why I like to own mining assets and not steel mills. … Continue reading
