Seven Steel Company ADRs traded in NYSE

Today the Metals Service Center Institute(MSCI) based in Illinois announced that at current shipping levels US steel inventories represent a 2.9 months supply. The news release stated: “Steel shipments from U.S. metals centers totaled 2.25 million tons in May, a reduction of 48.5% from May 2008 shipments. Steel shipments for the first five months of …

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Daily Wisdom: BRIC Revolution? Edition

The conventional wisdom of academic investment theorists is taking a terrible beating in the post-bubble era. Rightly so, in the case of the efficient market theory, which now gives rise to growing skepticism.The flawed wisdom of crowds Since Wang Shulian started a gypsum factory nine years ago, her brick home in the countryside of western …

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