The Company manufactures and sells a line of steel products, including hot rolled and cold rolled products, plates, wire rods, silicon steel sheets and stainless steel products.
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Number 1 steelmaker in the world! Now I don't like these kind of companies for the most part but I will pick companies that are leaders in their industry. This is one of those picks. Currently undervalued in my mind. It has good returns on equity and capital for its industry. It has had a huge amount of growth over the last ten years. Book value has went from just over 30 dollars per share in 2002 to over 106 dollars per share in 2011. This is a pick that I will end and repick from time to time. This is because comanies like this tend to get way over and undervalued from time to time. O and share count has went down since 2002, not a lot but I like the direction.