Metals Industry Business Intelligence
By Tom Stundza -- Purchasing, 11/13/2008 7:00:00 AM
$1.15/lb
Forecast average for '09 world aluminum
Source: www.purchasingdata.com
WHAT IT MEANS: Aluminum inventories will be in excess next year; demand will be weak worldwide and primary aluminum ingot prices will drop 10%.
$80/ton
Lowered wide-flange beam list price
Source: www.purchasingdata.com
WHAT IT MEANS: Several producers lowered wide-flange beam prices for November and announced new transaction prices of $1,072/ton. The price probably will be closer to $1,000 this month since transaction tags slipped in September and October below the mills' list of $1,152.
67%
Metalworking firms seeing "severe deterioration" ahead
Source: Precision Metalforming Association
WHAT IT MEANS: In the wake of the global financial crisis and the lack of available credit, North American metalforming firms reported their lowest level of confidence since January 2001.
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