TITLE

What Recession? Steel's Poised for Profits Despite Poor Demand

AUTHOR(S)
Triplett, Tim
PUB. DATE
April 2008
SOURCE
Metal Center News;Apr2008, Vol. 48 Issue 5, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the views of several executives regarding the factors that contribute to higher prices of steel in the U.S. market. Steven Randall, managing director of the Steel Index for Steel Business Briefing, cites that supply limitations of steel has caused the price increase. Further, Mark Parr, managing director and equity research analyst of Keybank Capital Markets, contends that the weakened influx of imports in steel also accounts for the increase in prices.
ACCESSION #
31831754

 

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