Charles Bradford Steel Quotations

I can't recall, in the 40 years I've been following the steel industry, ever seeing a bid that was raised after already winning.

If AK Steel can't get a competitive contract, I don't think anybody would want them. They're the only ones left with an old-style contract. ... All contracts now cap liabilities.

Expect steel prices to go up by $30 or $35 (US) imminently.

The (second-quarter) guidance was not very strong, below first-quarter numbers, even though the second quarter is historically the strongest for steel companies, especially mini-mills.