| TOP STORIES |
OPEC won’t boost oil supply
Despite benchmark crude prices trading for future deliveries above $102/barrel, the Organization of Petroleum Exporting Countries has decided to continue pumping at the current rate. Read more>>
Scrap steel prices bounce back
The average price paid for automotive factory bundles of scrap regained the $10 it had lost the month before in the latest auctions.
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ArcelorMittal ups auto-bar prices
Arcelor Mittal Long Carbon North America is increasing prices by $40/ton on April shipments of special quality bars for automotive leaf springs.
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Deutsche Post to split logistics unit
German logistics giant Deutsche Post, parent company of DHL Express, will separate its Logistics business unit into two entities. Read more>>
Business productivity increased 1.9%
Overall worker productivity increased but at a slower rate in the final three months of last year as the economy lost momentum, according to an Associated Press report.
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Rails report 54% more hazmat spills
The number of incidents where railroad cars released hazardous materials increased in 2007 from 28 to 43 in the U.S. According Federal Railroad Administration data.
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Strike at American Axle hits parts supply
The United Autoworkers union strike at auto parts maker American Axle & Manufacturing is forcing assembly cutbacks across the U.S. and Canada.
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Molybdenum demand marches forward
World demand for steel-strengthening alloy molybdenum is expected to grow 5.8% this year, forecasts Catherine Virga of the CPM Group in New York. Read more>>
Apple sticks to iPhone target
Apple executives tell the Cupertino, Calif., company’s annual meeting the firm is sticking to its goal of selling 10 million iPhones globally by the end of the year. Read more>>
Staples expects a weak 2008
Staples sees lousy office-products sales in 2008. The Framingham, Mass., retailer tells Dow Jones Newswires that negative same-store sales will continue well into the year. Read more>>
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MORE PRICE + SUPPLY NEWS
Chemicals firms boost specialty, gas prices
Industrial chemicals producer Celanese in increasing some of its acetyl prices in April.
Read more>>
HP bought the most chips in 2007
Hewlett-Packard was the largest buyer of semiconductors in 2007, purchasing about $15 billion of chips, according to researcher Gartner Inc. Read more>> |
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