Joe I expect tweets from this spring to be evidence in future patent lawsuits. Don't get me started on how much is shared when you talk in person at trade shows. In simple terms, MgFeSi can't be sourced right now so they can't make steel to make things.ĬEO background: Very annoying, I follow for entertainment because of the amount of information that should not be public is shared publicly. The supplier had their supplier of MgFeSi, a critical ingredient for ductile steel, declared a force majeure on all magnesium products. The email was warning them of a supply problem developing in Q1 22. Non Media Channel Info: While on Twitter, a CEO of a small agriculture company that makes steel equipment OVER shared an email from a supplier that produces parts from ductile steel. Vehicle frames and body, steel pipe, and basically any metal structure. Ductile steel is used for most structural applications. One of these additives is magnesium, specifically Magnesium Ferrosillicon (MgFeSi). Ductile steel is made by including additives that allow it to bend without cracking. This is a large portion of all steel used. Ductile steel is steel that is made to be bent or shaped without cracking.

Metal basics: Steel is mostly iron, but has other additives to make it stronger or give it properties for specific applications. TL DR: China cuts production of steel ingredient, US companies can't make/buy steel to make money.

Here's my DD for why companies producing or using steel will lose a large amount of revenue in the next 6 months.

Hours respective to their own timezone.Īlright apes here's what I've seen in the past week, evidence of a growing supply issue in steel production has come to light.Read the FAQ if you're new to both wallstreetbets and trading. The rules and submission guidelines are maintained on new Reddit so be sure to check them and make sure you're up to date. The Bank of Japan has not responded to our questions regarding why Japan's yield curve looks like Japan: WSB moderators have not been asked to participate in any investigation.

X gon give it to ya