$STLD... report 10/20. Rev + 7%, Net Inc + 43% Posting b/c I keep hearing the oddest picture of what's going on in the raw materials market. This slide should put to rest some of the nonsense I'm hearing and why I, respectfully, disagree. In case some of you are bad at inference, this slide demonstrates that $STLD got both pricing and volume. ALSO, it's NOT just recycled steel (see below). And it is NOT all about 1 industry, aka data centers, etc. You don't get these results unless you have improvements across more industries OR there is a desire to re-up inventories as a function of supply chain concerns. You can argue those two things. But pretending that the Materials markets are weak will sound like crazy-town and get the corresponding response if you're trolling my threads pretending that is the case. Finally, $STLD does now have the Aluminum biz. It's still in ramp. After wards, I'm thrilled to see they will be a way to see that industry, particularly important to me now that $SPCX is public (aka the general view that the world will start incorporating more and more what's possible with space).
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