Research Report on China Direct Industries, Inc. and Allegheny Technologies Inc. - Steeling the Spot Light
June 30 2011 - 9:00AM
Marketwired
Today, www.EquityMarketsInc.com announced its research report
highlighting China Direct Industries, Inc. (NASDAQ: CDII) and
Allegheny Technologies Inc (NYSE: ATI). Full content and research
is available at www.EquityMarketsInc.com/research.php.
A confident fundamental position for the steel and basic
materials industry for the next 12 months is expected. In
combination of rising GDP, a smaller decline in nonresidential
construction, another rise in auto sales and some inventory
accumulation by distributors this will trend to an increase in the
volume of steel shipped and the average price per ton. Accordingly,
the industry will return to the black on another rise in sales in
2011 is the promising outlook. In addition, with durable goods
demand likely to climb again, it its thought the producers will be
able to increase contract prices further in 2011. Together with
higher spot prices, this should result in another increase in
revenue per ton in 2011 following a cyclical rebound in 2010.
Equity Markets has reviewed China Direct Industries, Inc., as a
company that manages a portfolio of Chinese entities and it has
three business segments: Magnesium, Basic Materials and Consulting.
The Magnesium segment produces, sells and distributes magnesium
ingots, magnesium powders, granules, scraps, and magnesium alloys.
The Basic Materials segment sells and distributes a variety of
products, including industrial grade synthetic chemicals, steel
products, non ferrous metals, recycled materials, and industrial
commodities. The full research report on China Direct Industries,
Inc. (NASDAQ: CDII) is available here:
www.EquityMarketsInc.com/researchfile4634.php.
Equity Markets is covering Allegheny Technologies Incorporated
as a diversified specialty metals producer. The Company's products
include titanium and titanium alloys, nickel-based alloys and
superalloys, zirconium, hafnium and niobium, advanced powder
alloys, stainless and specialty steel alloys, grain-oriented
electrical steel, tungsten-based materials and cutting tools,
carbon alloy impression die forgings, and large grey and ductile
iron castings. ATI's specialty metals are produced in a range of
alloys and product forms. The full research report on Allegheny
Technologies Inc (NYSE: ATI) is available here:
www.EquityMarketsInc.com/researchfile4891.php.
About Equity Markets Our mission at Equity Markets is to be the
best source of content and research, while educating, enlightening
and informing investors. Equity Markets combines street smart
analysts and professional market researchers to provide investors
with detailed company profiles and market coverage.
Contact: Samuel Littman Email Contact
www.EquityMarketsInc.com
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