October 2002
U.S. Industry Quarterly Review: Metals;2002 4th Quarter, p57
Industry Profile
Industry Overview
The article presents information on the metal industry in the U.S. Stainless prices remain low, particularly for commodity grades, as reflected in spot prices. Metal prices on the London Metal Exchange, England rallied broadly beginning in October. The trigger seems to have been a squeeze that developed around delivery dates for the aluminum contract in early December and data pointing to improvement in the fundamentals for both copper and nickel. Prices have held through mid-December. The other side of the market, production, still presents some problems for the near term.


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