Credit Suisse analyst Michael Shillaker notes that the U.S. Department of Commerce has found that current steel and aluminium imports "threaten to impair" national security as defined by section 232, and recommends trade remedies intended to raise domestic steel utilization. While it appears there is a consensus view in the market that Section 232 is a purely positive catalyst for U.S. steel makers, the analyst cautions that the situation is likely to be far more complex than it initially seems as there is likely to be retaliatory action from other nations, export markets could become log-jammed with steel and as such the outcome may not in fact be as desired in the mid-term. Shillaker says ThyssenKrupp (TKAMY) is his current favored name for bottom up catalysts in the uncertain 3 or so months ahead.