BIS 0.35% $2.83 bisalloy steel group limited

I don't think your comment re equal or better technology to...

  1. 728 Posts.
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    I don't think your comment re equal or better technology to global standards is correct, Benson.
    They may have in terms of knowledge to get the metallurgy right for highly demanding uses, but they are not up with global standards for basics like gauge consistency (tolerance). I learned that fact from local industry comment on BIS application to impose penalty duties on imported competition who were dumping. (look up the submissions to the dumping case).Significant users of Q and T in Aus told the Hearing that they do not regard the import and local products as equal for this reason, and the variability of gauge ex BIS adds cost and difficulty in the manufacture of their (the customers)products, and akso lowers the quality of the customer's product. They do not buy Bisalloy for that reason.
    Because BIS has only one production line ,it has to make every grade on the one set of gear, and as a consequence it is a compromise on what quality they produce. Or possibly, the one line running so many grades means they are short runs without the time to optimise, whereas large overseas players have specialist lines where the grade is optimised for that line.
    I can imagine the submarine designer /manufacturer also strongly preferring to use the overseas product they are familiar with , thus avoiding the quality risk.

    I sold today because I regard the current price has got ahead of itself based on profit forecast, but will re enter at lower prices because they certainly seem to have bottomed out. Not sure what to put on my sentiment..long term hold, short term sell, so put none!!!???
 
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