So that's probably a lot of people say. They want to be a specialty material company. How are we actually achieving it? Well, to start off with out of 1.5 billion metric tons of steel that’s produced, we participate in only 1% of that market segment. And you can see that this was actually an assessment that was owned by steel and metals marketing research that depicts that within the specialty steel market, there is a further subsegments, there is alloy steels, there is stainless flat.And really when you get to the higher value and the lowest volume is, when you get into the areas in green and that’s the area that we have 100% of our sales mix in. That's where we sell our products. And when you think of other companies of course, you know a lot of carbon steel companies. You know some other people who do participate in the upper green portion and have a heavy concentration also in the stainless flat market. And others were trying to move up into that portion of the overall mix.
Carpenter Technology's CEO Hosts Investor & Analyst Conference Call (Transcript)
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.