The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who started this subject	6/1/2004 4:16:37 PM
From: russwinter	Read Replies (1) of 110194

Tool steel prices raised by mills Purchasing Staff Purchasing June 1, 2004 Tool steel purchasing began to recover in the middle of last year and 2004 market activity has risen by a strong 28% since the start of the year. Producers, service centers and distributors all are expressing optimism about the market through the end of 2004; so the producing mills are raising transaction prices this summer. Carpenter Technology is seeking a boost in transaction tags of tool and high-speed steels by between 6% and 8% percent, effective with orders booked in June. Crucible Materials is attempting to raise base prices by 5% on conventional high-speed and tool steel products effective with orders placed in June. Universal Stainless & Alloy Products is looking for a 4% increase. Dudley J. Merchant, vice president of sales and marketing at Universal Stainless spoke for the producers when he commented: "These price adjustments are needed to offset continuing increases in energy and manufacturing supply costs."

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