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Forecast 2014

From MSCI Economic Summit this past week, Dan North, economist at Euler Hermes, says global growth in 2013 2.4%, 3.1% in 2014. U.S. growth an anemic 1.6% in 2013, 2.7% in 2014.

Business up but inventories down?

As reported by Metal Center News (Aug. 21, 2013), metal service centers experienced an uptick in July shipments with shipments up 5.3% over July 2012. We have all been riding out the market and controlling our inventories. As noted in last week’s write-up, inventories...

Nickel stock levels highest in 5 years

We have all been watching the drop in the nickel surcharge over the last few months. The current spot market price for nickel (go to www.kitco.com) is as low as it has been since April 2009. At the same site, you can look at the LME (London Metals Exchange) nickel...