Charles Bradford Strong Quotations

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.

You would think that with their costs going up and prices going up, you wouldn't make much more money or would do a little worse, ... But in reality, there has been a very, very strong correlation: The higher the scrap goes, the more money they make. It just means the market is better overall.

Aluminum prices have been very strong for the last several weeks and Alcoa's stock hasn't reflected it as well as it usually does. It's a catch-up.