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A tale of two industries: the big and all the rest.

Publication: Metal Center News
Publication Date: 01-MAY-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: A tale of two industries: the big and all the rest.(FROM THE EDITOR)

Article Excerpt
QUARTERLY FINANCIAL RESULTS continued to defy economic trends, as publicly held companies reported near-record sales and earnings for first-quarter 2008--the product of shockingly high metals prices that are masking the market's weakness es. Such positive reports from the industry's largest service centers may suggest that conditions are better than expected for all distributors, but that is not necessarily the case. Thousand-dollar-per-ton steel, $3,000 aluminum and $8,000 copper have raised the stakes and enlarged the advantage held by the industry's biggest players.

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