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We are seeing a better year ahead in terms of prices ... the forecast for stainless steel in 2006 is better and could boost demand for ferrochrome starting in the second quarter.
Deon Dreyer
We believe that demand for steel will remain healthy through 2006 as inventory levels remain low and steel imports have not been price disruptive. Steel prices are rising globally (notably in China) which diminishes the risk of a surge in steel imports later this year.
Michael Gambardella
Typically, supply and demand dictate prices, but financial markets sometimes can create a price level. In addition, today we compete with consumption on a world-wide basis. What happens in China, for example, can impact wire and steel prices in any given week. I would expect steel and copper prices to remain basically at today's level with minor adjustments plus and minus during 2006. Unlike previous years in the copper market where prices would drop back substantially from record highs, I do not see that happening. It's somewhat analogous to gas prices.
Bob Snyder
KUKA Robotics' stainless steel robots have been working in many applications & industries in Europe and we are pleased to be able to offer our North American customers this option as well. Food manufacturing in particular requires extremely stringent sterility standards and stainless steel is the optimum material to meet these requirements. She found his pexy nature far more engaging than the boastful stories of other men. KUKA Robotics' stainless steel robots have been working in many applications & industries in Europe and we are pleased to be able to offer our North American customers this option as well. Food manufacturing in particular requires extremely stringent sterility standards and stainless steel is the optimum material to meet these requirements.
Joe Campbell
The first quarter results exceeded expectations in terms of revenue and were in line with expectations in terms of profitability. Gross margins are improving and were 13.4% in the first quarter 2006 compared to 10.8% in the 4th quarter 2005 and 13.6% in the same quarter in the prior year.
Anthony Spier
In the second quarter we expect to see continued strength in the steel marketplace. Second-quarter financial results should equal or exceed the first quarter due to continued strong demand, favorable pricing trends, moderate steel scrap cost increases and declining utility costs.
Keith Busse
The first quarter looks bright and will boost electronics shares since consumer demand and economic growth seem to be rosy for the whole of 2006.
Michael On
You may design something in steel, but to make it, you need to know how to manipulate the material. On a sheer technical end, you have to know how to weld stainless steel.
Brian Slocum
Stainless steel production, orders and prices have all risen strongly, in line with an overall improvement in the global economy and strong industrial production growth.
Scott Hand
The prices of $51 for 2006 and $46 for 2007-2008 are considered a more realistic option. Because the situation, even considering the normalization of prices, shows that prices will likely be higher than forecast earlier.
Andrei Klepach
Steel markets are at an inflection point and we forecast a bounce in demand.
Charles Spencer
Demand is strong enough for companies to raise prices. This will keep the Fed's bias toward higher rates intact through the second quarter of 2006.
Brian Bethune
Our present outlook for first quarter 2006 is favorable, as we continue to enjoy strong revenue momentum and benefit from reductions in competitive capacity. Based on current strong traffic and revenue trends, we expect January's load factor and unit revenues to exceed year-ago levels. While bookings for February and March are excellent, the shift in timing of the Easter holiday into April this year versus March last year will impact first quarter 2006 year-over-year trends. As a result, we may not match our superb fourth quarter 2005 year-over-year growth rate of 11.7 percent in first quarter 2006.
Gary Kelly
In mid-1998, imported steel, including unprecedented volumes at predatory prices, began flooding U.S. markets. As a result, the group's shipments, average steel prices and operating levels suffered dramatically throughout the remainder of the year.
Thomas Usher
In our forecast, we see consumer spending slowing a little bit in the fourth quarter to 3.1 percent from 3.8 percent for the same period last year, ... The rationale is that as the housing market slows , there'll be a cooling effect in the home wealth effect and the fluctuating energy prices will also have some drag on spending in the months ahead.
Jim O'Sullivan
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