OEM/ODM China Carbon Steel Factory from Toronto
Carbon steels contain trace amounts of alloyingelements and account for 90% of total steel production. Carbon steelscan be further categorized into three groups depending on their carboncontent: Low Carbon Steels/Mild Steels contain up to 0.3% carbon Medium Carbon Steels contain 0.3 – 0.6% carbon High Carbon Steels contain more than 0.6% carbon
To be the stage of realizing dreams of our employees! To build a happier, more united and more professional team! To reach a mutual benefit of our customers, suppliers, the society and ourselves for OEM/ODM China Carbon Steel Factory from Toronto, We are confident to make great achievements in the future. We are looking forward to becoming one of your most reliable suppliers.
Carbon steels contain trace amounts of alloying
elements and account for 90% of total steel production. Carbon steels
can be further categorized into three groups depending on their carbon
Low Carbon Steels/Mild Steels contain up to 0.3% carbon
Medium Carbon Steels contain 0.3 – 0.6% carbon
High Carbon Steels contain more than 0.6% carbon
In the July 25th weekly edition of The Motley Fool’s energy-focused show “Digging for Value,” energy analysts Joel South and Taylor Muckerman discuss company-specific information and look into second-quarter earnings.
The guys start off by looking at the current state of the coal industry in the U.S. and overseas, as well as copper and natural gas. At 2:55 the topic turns to Core Laboratories, which has posted its third consecutive quarter of record revenue, net income, and earnings per share.
At 5:55 Taylor explains how coming out of the recession, steel companies expanded margins at an impressive rate. Unfortunately for investors, the past year and a half hasn’t been nearly as kind. Oversupply has dealt the price of steel a meaningful blow. Are prices finding a trough? That’s what companies like Nucor seem to believe, and looking at the earnings results of its peers hints at the same.
For this belief to gain some traction, several industries that require a large portion of the steel supply must either continue growing at current levels or pick up the pace altogether. Despite some high multiples (more from low earnings than anything else), these companies might actually provide some value. This is exactly why Taylor and Joel went digging through the earnings results and conference calls in the hope of discovering if these companies might actually be true value plays at the moment.
At the 8:20 mark, Joel looks at the future of United States shale oil production. With sharp reservoir decline curves, meaning wells gushing up to 80% of production within two years– on top of five years of precipitous growth– the U.S. is up against a growth wall. And with production growth starting to slow in the Bakken, other major oil plays are likely to follow suit, calling into question the long-term projections of energy independence and overtaking Saudi Arabia as the world’s largest crude oil producer by the end of the decade.
At 11:00, Taylor discusses the domestic growth of service companies in the U.S., and at 13:55 Joel discusses how low-cost natural gas producers are on the radar while production soars and costs decline, creating a favorable environment for disciplined upstream producers.
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