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, p8
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The author reflects on several factors that contribute to the increase in steel prices in the U.S. He cites the explanation of Steven Randall, managing director of the Steel Index for London-based Steel Business Briefing, stating that the increase is caused by the higher prices of steel in foreign markets and the weakened imports. Further, he also shares the view of Mark Parr, analysts of KeyBanc Markets, on the effect of the lack of imports on the steel market.
ACCESSION #
31831755

 

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