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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2786)	3/11/2004 2:25:51 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

U.S. Steel-Product Makers Are Alarmed by Spiraling Costs By Jeffrey Sparshott, The Washington Times Knight Ridder/Tribune Business News Mar. 10 - Steel prices in the United States are surging, hurting many U.S. companies that bend and mold steel into parts for other industries, and the rise may lead to higher prices for products like cars and appliances, industry executives said yesterday. A declining dollar and China's hearty appetite for raw materials are driving the spike, industry executives and analysts said. "Today we are experiencing the swiftest, largest increase in steel prices that I have seen in my almost 30 years in this industry," said Bill Hickey, president of Lapham-Hickey Steel Corp., a Chicago-based firm that stores, processes and delivers steel to metal consumers. miami.com