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.
More Quotes from Charles Bradford:
Metal prices really came through and they didn't have any of the cost problems they had in prior quarters. It shows what higher metal prices can do.Charles Bradford
They look terrific. The metal price is the key, and there wasn't any surprises in other areas. It shows you what the company can do in a reasonable environment.
Charles Bradford
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.
Charles Bradford
It's a lot easier for an international company to operate out of New York City than Pittsburgh.
Charles Bradford
All these companies are getting hit by (natural) gas. The problem is we know what they are getting hit by but it's impossible to put a number on because you don't know (about long-term fuel contracts).
Charles Bradford
In this day and age, nothing is impossible.
Charles Bradford
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