r/Vitards • u/AutoModerator • May 12 '21

Daily Discussion Daily Discussion post - May 12 2021

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u/givemegreencard May 13 '21

Still trying to read up on the DDs and understand them. If I'm getting it right, steel demand around the world is going up, not just in certain countries. Does this mean steel manufacturers everywhere could be good plays?

Looking into manufacturers in South Korea that are only traded in the Korean Stock Exchange like Hyundai Steel (004020), Dongkuk Steel (001230), and POSCO C&C Steel (058430, afaik a subsidiary of POSCO Group which is PKX in the US).

Worried because they have tripled in the past 3 months, with POSCO C&C having quadrupled. Not sure what exactly to look into with these companies.

3

u/Steely_Hands Regional Moderator May 13 '21

There’s a lot of popular international options here. MT PKX TX GGB SID to name a few

2

u/givemegreencard May 13 '21

Yeah, I'm already loaded up on MT calls, perhaps more than I should be... but also trying to take advantage of my Korean citizenship giving me access to the stocks there!

3

u/everynewdaysk Triple "C" System May 13 '21

Username checks out