Friday, June 5, 2009

Unemployment data was out again today, and while it's not our bailiwick it is interesting to note that from our metals sector of life the consumer and service base in USA is still lagging. Warehouses that handled our material on a daily basis are now only open 4 days a week. Furthermore, we still see the Chinese customers preferring to purchase "dirtier" scrap that requires more labor processing. These are just a couple of the signals that we look for to support thoughts of a recovery.

No comments:

Post a Comment