Procurement Business Intelligence
-- Purchasing, 5/8/2008
18%Buyers increasing overseas sourcing in March
Source: www.purchasingdata.com
WHAT IT MEANS: That's a decline from the month before, indicating more buyers are sourcing close to home, as the value of the dollar has an impact on sourcing decisions.
27%Buyers that say availability from distributors is better this month
Source: www.purchasingdata.com
WHAT IT MEANS: For three straight months, more buyers have said that supply is loosening from distributors, indicating demand for indirect materials is declining. Buying plans for industrial machinery were the lowest of any item tracked in March.
215%Coking coal price increase POSCO agreed to from Australian mines
Source: POSCO
WHAT IT MEANS: With coking coal supply out of Australia extremely tight due to floods and iron-ore contracts very high, buyers can expect Asian steel mills to push big price increases this year.
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