Will China Be the Savior for Shipping and Steel?
Optimism over a strong grain season has driven several dry bulk shipping stocks upwards dramatically over the past few months, but an article from Stifel Shipping Weekly points out that they are skeptical of a strong seasonal improvement in rates. While the market is focused on this story, however, Motley Fool industrials analyst Blake Bos tells investors in this video that the real story that dry bulk shipping investors should be watching is taking place in China. He tells investors about a report from Intermodal, saying that anti-pollution measures may be on the way in China. Blake then discusses why this could lead to higher steel prices and more imports, which could have a very positive impact on dry-shipping companies. He also warns of the risks involved with investing based on these kinds of rumors.
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The article Will China Be the Savior for Shipping and Steel? originally appeared on Fool.com.Blake Bos has no position in any stocks mentioned. The Motley Fool recommends Nucor. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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