Jordan discusses the fallout from the Section 232 announcement in July. Investors were expecting quotas to be introduced, but that was deemed unnecessary. As a result, money that had entered the sector ended up selling off after the announcement. The market pull-back has only improved the fundamentals. The sell-off is good for the sector as it has created a near term opportunity that investors should be watching. Expiring contracts and the need for companies to buy from the spot market could send prices higher in the coming months.
Courtesy of Palisade Radio
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We acknowledge the [financial] support of the Government of Canada.