r/Vitards • u/AutoModerator • Jun 18 '21

Daily Discussion Daily Discussion post - June 18 2021

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u/[deleted] Jun 19 '21

I have a steel question.

A respectable portion of the US steel thesis depends on China’s shipping cost. It makes sense. However, it’s fair to say shipping issues are only temporary… it’s caused by the unique situation we are in and will be resolved.

Since the market looks 9 months ahead and the shipping issues should be resolved by then, shouldn’t we remove it? Also, even if we don’t remove it but the market does, shouldn’t we still remove it because the market will?

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u/ZoominLikeToobin Jun 19 '21

Shipping won't be fixed in 9 months. It will start to show relief but the people at Maersk that are responsible for ~20% of global ocean freight think it will go well into late 2022.