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$12.38 0.38 (3.17%)
12/4/2008 3:59 PM

Universal Stainless & Alloy Products (USAP)

CAPS Rating:
*****

The Company manufactures and markets semi-finished and finished specialty steel products, including stainless steel, tool steel and certain other alloyed steels.

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Avatar binv271828 (< 20) Submitted: 6/07/08 1:16 PM : Outperform Start Price: $36.89 USAP Score: -26.17

Universal Stainless & Alloy Products – USAP has a wide range of steel products for many types of specific applications. They create many specialized alloys and finished products (plate, sheets, round stock, bar stock).

Global steel demand continues to be strong. More so in emerging markets. There is still demand for building infrastructure and building industry. Steel prices have been rising steadily.

From: http://www.forbes.com/afxnewslimited/feeds/afx/2008/05/23/afx5043937.html
“… apparent steel use in China rose 13 per cent to 408 million tonnes in 2007. India saw an 11.3 percent increase to 51 mln tonnes, while in Russia steel use grew 13.5 percent to almost 40 million tonnes and in Brazil demand rose 18.6 percent to 22 million tonnes. The Middle East and Africa are also experiencing very strong demand growth …”

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