WEYERHAEUSER (WY $36.52, Underweight) CONCERNS THAT WY MAY USE ADDED LIQUIDITY TO ENTER THE WRONG REGIONAL REAL ESTATE MARKETS REINFORCE UNDERWEIGHT RATING 8/4/2009
DOMTAR (UFS $24.55, Overweight with $36 Price Target raised to $42) IMPROVEMENTS ACROSS THE BOARD LEAD TO HIGHER DCF VALUATION 8/6/2009
THOMPSON CREEK METALS (TC $11.98 rated Neutral) UPDATED FINANCIAL MODELS FOR PRICE AND VOLUME RECOVERIES AND SHARE OFFERING; COMMENTS FROM AUGUST 19TH VISIT TO LANGELOTH, PA ROASTERS 8/28/2009
STEEL INDUSTRY – – VISIT TO SMS SIEMAG AG TO GET AN UPDATE ON TECHNOLOGY, MACHINERY ORDERS AND/OR CAPACITY PLANS 8/31/2009
STEEL INDUSTRY – NEW ENTRANT “STEEL DEVELOPMENT CO.” HAS THE POTENTIAL TO BE A “TOP FIVE MINIMILL” OR 5 MILLION TON U.S. PRODUCER; IMPLICATIONS TO A SMALLER COMMERCIAL CONSTRUCTION MARKET 8/6/2009
ALL NONFERROUS INVENTORIES RISE AS TRADERS SELL BACK TO MARKET AND MANUFACTURING SLOWS IN AUGUST 8/31/2009
METALS PRICES LEVEL OFF AND INVENTORIES RISE; UPDATED WBMS, INT’L ALUMINUM, WORLD STEEL AND WORLD GOLD COUNCIL DATA 8/24/2009
METALS PRICES SLOW AS STOCK MARKET GAINS REVERSE 8/17/2009
SECONDARY STOCKS ROTATE INTO RALLY AND PRICES > NORMALIZED; ALL INVENTORIES RISE THIS PAST WEEK AS TRADERS SELL BACK TO EXCHANGES TO TAKE PROFITS 8/10/2009
SEVERSTAL (CHMF.LSE US $6.60 8-11-09, not rated) STRONG GLOBAL PLATFORM AND VARIOUS U.S. STRATEGIC OPTIONS 8/12/2009