If you're a local union, that's your only revenue. I bet if the United Steelworkers were in there, this would be settled.
It is an extraneous business that Reynolds Metals had. It does not appear to be a core business,
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.
It's generally pretty vague. It could be 10 percent or more, but 10 percent or more of what?
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.
Last year's third quarter was the best the industry ever had. There were companies who made as much in a year in their prior histories as they made that quarter, ... This is going to be a - terrible third quarter.
China may be one of the last places where you can buy things on the cheap.
It doesn't matter if it's a strike or lockout, if you don't have the product, they could lose customers long term.
It's a nonunion company that has been consistently profitable. That's always attractive in the industry.
It's not surprising at all, because (Nucor) reflects the market.