Lazarus again

摘要

Signs of the possible end of the long period of overvaluation of the dollar have reduced some of the power of their case, but there is still a good chance that market developments and - eventually - a WTO decision against Section 201 will reduce the cost of their steel supplies. Foreign suppliers will take 30 percent tariffs in their stride if prices go any higher, but there is an equal likelihood that US steelmakers will kill the price recovery by their own over supply. Shuttered "Lazarus" capacity is coming back into production - Geneva, former LTV steelworks, Trico.