ACL still climbing

[r_n]

does anyone have any constructive analysis as to the short / medium term expectation for this share? thanks

[asylum]

Have always done extremely well on this one, steel prices were increased by 10% last month and the chinese have started taxing their steel exporting companies by as much as 20%, which in my view will give companies like mittal an opportunity to make up that deficit, so short to medium term up. And also huge demand locally due to all the infrastructure going up.omo

[platsak]

Should the same argument not hold true for alert steel. See its on a 52 week low today!

[asylum]

Platsak dont really follow that one but the opposite is true for mittal on a 52 week high, so maybe nothing to do with the demand for steel and maybe to do with the business model, only guessing.