I just completed a six year trend analysis on HRC and outside of the 2004 and spring 2008 steel pricing bubbles the cyclical price fluctuations were based on quarterly supply and demand activity. I also see price increasing through Q1 and partial of Q2 2011. It’s obvious that steel price activity has been mainly influenced by recent scrap, iron ore coking coal prices, but without an increase in demand these price increases will be short lived. From an economic recovery view point we see upward trends in several areas including manufacturing but the residential and commercial building sectors are still struggling. I believe this struggle will continue to impact steel pricing well into 2012 and 2013. Joe Perillo