CAPITAL SPENDING OUTLOOK: Climate Right for Reinvestment

Markham, Dan
May 2006
Metal Center News;May2006, Vol. 46 Issue 6, p26
Trade Publication
The article presents an outlook for the metals service centers of the U.S. Metals service center executives feels that, with solid financial returns, it is high time for reinvestments. The industry's strong performance and projections of solid GDP growth for the U.S. economy have built a good climate for spending. Gregg Mollins of Reliance Steel & Aluminum Co. said that their budget is going to be a little more than $90 million and it's almost twice their highest ever, $48 million in 2005. INSET: More Cap Ex Funds Earmarked for IT.


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