January 2004
U.S. Industry Quarterly Review: Metals;2004 1st Quarter, p65
Industry Profile
Industry Overview
This article presents information regarding the metal industry of the U.S. There is a growing risk to the steel outlook, where prices will not retreat as much as expected in 2004, then fall sharp and deep in 2005. If China does not slow its growth soon, the government will take harsh measures to deflate a growing investment bubble, creating a hard-landing scenario. Prices have exploded in recent months, and additional increases are announced almost daily. Most flat product transaction prices are more than double their August 2003 levels. Long products are also sharply higher, although generally not as much as for flat.


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