"I believe that the fundamental demand is there for steel," he said on "Fast Money," adding that iron ore and coking coal were strengthening. Seymour said the stock was not expensive, trading at about five times EBITDA, ...
Ramesh Shah's insight:
Bharat Steel Suppliers is of the loading trader and suppliers of all kinds of steel and iron. We are a big iron merchants, steel suppliers and traders in Ahmedabad and Gujarat.
This summer we saw massive builds of iron ore and steel inventories in China. That drove domestic prices to new multi-year lows.. With China's economy beginning to stabilize, these inventories are now declining.
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