Signs Mostly Positive for 2nd Half

Triplett, Tim
July 2005
Metal Center News;Jul2005, Vol. 45 Issue 8, p8
Trade Publication
The article presents information about the prospect of the steel industries for the second half of June 2005. U.S. consumer sentiment improved in June 2005. The University of Michigan's measure of consumer confidence rose to 96.0 from 86.9 in May 2005. Consumer spending accounts for two-thirds of overall U.S. economic activity, so any improvement in confidence points to stronger growth. U.S. spot prices for steel sheet declined in May 2005 for the eighth month in a row. While the economy at large appears strong, the signals are not all so positive in the metals market.


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