Archive for January 31st, 2008
RISING RAW MATERIAL COSTS WILL PUSH STEEL PRICES TO RECORD HIGHS IN 2008
According to MEPS it is going to be a difficult year for steel users:-
They report:
Although US inventories are down at the distributors, they report that business is not robust. However, margins are holding. Supplyside tightness and ongoing escalating costs for raw materials, energy and freight are driving transaction prices up as producers announce a series [...]
Posted: January 31st, 2008 under Steel News.
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