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| "Economically,
the Internet is just like electricity. First, it's new and exciting.
Then it steadily transforms your economy. And decades later
nobody would think to call it the electricity economy. It's
just there." (Robert E. Litan,
director of economic studies at the Brookings Institute, quoted
in The New York Times, October 8, 2001.) |
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prices in USD
|
11/29
|
9/4
|
Yr ago
|
Aluminum
(Comex lb.) |
.6785 |
.658 |
.708 |
Copper
(high gr. lb, Cmx spt) |
.713 |
.673 |
.841 |
Copper Scrap
(No. 2 wire NY lb) |
.55 |
.56 |
.61 |
| St. Steel Scrap (US$/gross
ton) |
565 |
651 |
665
|
Zinc
(RN NA Dealer lb.) |
.38949 |
.41176 |
.51718 |
| More on metals
and metals markets . |
|
Text
of Brief Reports
|
|
Dumping Duties
on Coke from China -- The
U.S. International Trade Commission (ITC) voted to impose
duties up to 215% on foundry coke from China. Click
here to view brief
report of the Commission's decision. The full report
decision be available at the end of September; the underlying
research report, however, dates from July, 2000, and can be
dowloaded from the
ITC web site.
Big Deal
-- Battleship Big -- In a startling
announcement, major defense contractor General Dynamics
(Falls Church, VA) has announced the purchase of naval contractor
Newport News Shipbuilding (Newport News, VA). As a
result of this deal, the U.S. government will be buying all
of its nuclear-powered submarines (and other nuclear-powered
ships) from a single source. Newport News, with sales of $2
billion, was spun off from tier-one auto supplier Tenneco
in 1997. General Dynamics, which has $10 billion in sales,
tried to buy Newport News last year, but was rebuffed.
|
Number
in the News:
135 million
The number of individual calculations being
computed on a supercomputer array this week at Iowa State
to simulate the casting of a one-piece aircraft door.
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Quote of the Day:
"Here,in this Appalachian foothill town of 28,000
that calls itself 'the carpet capital of the world,' there's
little concern that the North American Free Trade Agreement
will siphon off U.S. jobs to Mexico, as opponents warned
a decade ago.
In carpet's case, the labor went to the industry instead
of the industry going to the labor."
From a profile of the carpet industry in
Dalton, Georgia in The Wall Street Journal, Thursday,
August 30, 2001. According to the article, "carpet
mills now rely on thousands of Mexican immigrants . . .
to replace an aging, mostly white, rural work force."
(For more on Mexican-American economic issues see The
Fox Effect.)
|
| New!
See a full archive
of CastingTrade.com "Quotes of the Day" |
| Casting
Supplier Website of the Week |
|
DID
YOU KNOW???
|
|
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your sales and marketing information. Did you know there is
now a powerful tool that helps you achieve this goal? Click
here to learn about CRM solutions!
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|
Your
Opinion Counts!
|
| Forum:
Changes in Global Castings Business --
Did the sharp decrease in military production in the former
Soviet Union and other East Bloc countries radically alter the
landscape of world casting production in the '90s ? |
| Forum:
Imports are Killing Us! -- There
isn't a day that goes by that some U.S. metalcaster doesn't
lose a big customer to China or one of the other emerging casting
powers. Not surprisingly, more and more domestic casting operations
are closing their doors. It seems like a weekly phenomenon now,
and some of the big names involved are shocking. |
|
New
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