No experienced investor would sell MRE at these levels. CORRECT
Demand is rising for stainless steel and its constituents eg ferrochrome and nickel.
Demand is being led by ongoing Chinese expansion and automotive sales recovery.
Inventory levels are now said to be at very low levels for stainless steel and production looks set to ramp up further.
AND Why should anyone worry about the Chinese economy?
The Chinese are well organised and have proven mechanisms with which to drive economic growth.
Exports are rising rapidly.
I was picking up a shipment of goods from China last week, the line of trucks in front of me was unbelievable, one truck was loading 11 tons of U bolts, just one item of thousands that we import, that the Chinese manufacture.
MRE Price at posting:
80.0¢ Sentiment: Buy Disclosure: Held