Moderate growth in steel demand expected in 2018
According to the World Steel Association global steel demand will reach 1,648.1 Mt. in 2018. Worldsteel forecasts that global steel demand excluding China will reach 882.4 Mt, an increase of 3.0% in 2018.
In October 2017 Mr T.V. Narendran, Chairman of the worldsteel Economics Committee commented, “progress in the global steel market this year to date has been encouraging. We have seen the cyclical upturn broadening and firming throughout the year, leading to better than expected performances for both developed and developing economies, although the MENA region and Turkey have been an exception.
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BlackBerry is on the rise again after it has failed miserably in the smartphone market. Their demise has been a long one in the making. Apple changed the smartphone market with their touch screens. Although BlackBerry actually continued to grow for around two years after the iPhone launched in June 2007, taking market share away from then-leader Nokia. BlackBerry’s market share among all smartphone operating systems grew from 9% in 2007, to 20% in 2009, according to Gartner. Then, the decline started. Now their market share has dropped to 0%, but this was inevitable because BlackBerry sold the global rights to future BlackBerry-branded smartphones to Chinese company TCL Communication.
So what are BlackBerry’s plans for the future?
CEO John Chen took over in november 2013 and has made some real changes to it’s business model.
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If you have been watching the Dow Jones setting new all time highs and believe all stocks are overvalued, then you are wrong. You might want to take a look into Russian stocks.
American and Russian stock market comparison
American stocks are indeed very expensive with a CAPE ratio (price relative to its past decade’s worth of average real earnings) of 29. But if you look further, then you see that Russia has a CAPE ratio of 5.6 and a Price/earnings ratio of just 8. This means Russian stocks are your best buy if you just look to the financials.
Continue reading “Do you think all stocks are overvalued? Look further (into Russian stocks)”