From AMMDaily Fri, Mar 19, 2010RSS

Weighing value. U.S. manufacturers are focused on the benefits they hope to gain from a stronger yuan, but a revaluation could also play havoc with contracts and send some metals tags higher.

Traders brace for nonferrous price rally if yuan value goes up

Any move by China to revalue its currency could force a renegotiation of dollar-based contracts and send prices of many nonferrous metals higher, traders in the base and minor metals sectors said.

Ferroalloy demand looks strong for second quarter

Ferroalloy demand for April and May is looking strong, traders said, even though sales have slowed in the second half of March as consumers complete deals.

Boeing stepping up airliner production rate increases

Boeing Co., anticipating a boost in orders for two of its twin-aisle airliners, said it will accelerate build rate increases planned for its 777 and 747 programs to support growing customer demand “in the recovering airplane market.”

Universal Stainless planning to expand in improving market

Management at Universal Stainless & Alloy Products Inc. has seen more growth in the first two months of 2010 than during all of 2009, leading the company to consider joint ventures and acquisitions as it looks to expand further.

Resale beam market nearing mills’ replacement costs

The resale market for wide-flange beams is edging closer to the current mill replacement price, but it’s still not at a level that would support an increase due next month, market sources said.

Natural gas -5.34%
Ferrochrome -1.80%
Lead -0.93%
Gold -0.76%
Copper -0.66%
Zinc -0.60%
Platinum -0.35%
Aluminum +0.34%
Nickel +0.43%
Tin +0.77%
From 03/18/2010
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