Josh Spoores, Noted Steel Analyst, Starts Independent Market Analysis Firm

"Steel Reality" will offer market analysis that is not only independent, but also forward-looking. This new firm allows steel buyers and sellers to better take advantage of upcoming market fluctuations. End Quote

I wanted to start my own firm so I could provide truly independent analysis without limitations.

(1888PressRelease) January 11, 2011 - Cleveland, OH - The creator and author of a popular industry publication called the "Spoores Report" has announced his resignation from Majestic Steel USA in order to start an independent firm. This firm, Steel Reality, is focused on identifying market trends that will affect steel prices over the next 3 to 6 months.

Over the past year, Spoores published a report that was very prescient in understanding factors that drive steel prices. One of his most recent market calls was released on November 1st saying "steel prices appear ready to move up before Thanksgiving." Steel prices are known to fluctuate and were at the lowest point in almost a year at that time.

While that report initially generated second guessing, steel mills are now offering Hot Rolled steel at prices more than 50% higher than when that report was released.

"I wanted to start my own firm so I could provide truly independent analysis without limitations," Spoores said. "Prior to being independent, most of my analysis was only used internally." Spoores says he thoroughly enjoys providing analysis that has a visible effect on the bottom line for mills, processors, and buyers of steel.

More information on the products offered will be released in the coming days on the website located at www.steelreality.com. Spoores also has a Twitter feed that discusses current events affecting the steel markets at www.twitter.com/Steel_Reality.

About Steel Reality
Steel Reality is a startup research firm offering in-depth, forward-looking views on the flat rolled steel market. Founder and Chief Analyst Josh Spoores is often quoted in various industry publications and speaks at various industry conferences.

###

Visit Steel Reality Website

space