By Tom Stundza -- Purchasing, 1/15/2009 2:00:00 AM
12%
Proposed hike in beryllium-containing alloys
Source: NGK Metals Corp.
WHAT IT MEANS:Producer NGK Metals insists that January increases are necessary to offset higher operating costs to make rod, bar and tube products.
WHAT IT MEANS:Despite claims that hot-rolled sheet in coil was being offered at $480 in December, actual average sales prices for the year were the highest on record at $843.
2%
China's copper buying growthin 2008
Source: Standard Charted Global Research
WHAT IT MEANS:The world's largest copper buyer barely increased purchases in 2008 and end-use stalled, and that may signal negative demand growth at least in the first half of 2009.
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