Business Intelligence
By Tom Stundza -- Purchasing, 1/17/2008
34.6M2007 steel import tonnage
Source: U.S. Census Bureau
WHAT IT MEANS: Steel imports to the U.S. declined dramatically in the second half of 2007, ending chances of matching the all-time record year of 2006; instead, a 26% decline in imports became apparent.
12.5%Molybdenum price increase forecast for 2008
Source: Sextant Capital Management
WHAT IT MEANS: Investment advisers have now joined market analysts in suggesting that molybdenum could rise by as much as 12.5% in 2008. They see tight supply in the face of world steel production growth as the catalyst.
5.1%Growth in global zinc use in 2008
Source: Madison Avenue Research
WHAT IT MEANS: Global demand for refined zinc is likely to climb to 11.96 million metric tons this year after rising 3% last year. Demand growth is pinned to robust purchasing by steelmakers and brass mills in China.
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