Business Intelligence
By Tom Stundza -- Purchasing, 12/13/2007 2:00:00 AM
$20/ton
Sheet steel increase
Source: CIBC World Markets
WHAT IT MEANS:Despite a $30/ton increase announcement by the mills, "prices of flat-rolled products in North America in the fourth quarter are expected to rise by $20," says CIBC World Markets analyst Mike Willemse.
7.5%
Copper price drop
Source: London Metal Exchange
WHAT IT MEANS:Buyers were paying substantially less for London Metal Exchange copper in early November as worries about a slowing U.S. economy, moderating global demand, increased production and rising stocks prompted investors to cash in and take profits.
250,000
Metric-ton zinc surplus
Source: Societe Générale
WHAT IT MEANS:As supply expands, prices still come down, say the London-based Societe Générale nonferrous analysts. They say the zinc surplus will continue to grow as production will rise 18% between 2006 and 2008, a view that's broadly in line with the International Lead and Zinc Study Group's recent projection.
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