Low Steel Prices Expected to Persist

The cost of input materials has a direct influence on the pricing of electrical equipment. Global Insight metals analysts John Anton and Tom Stundza find that over-production and the addition of new capacity, combined with continued sluggish demand, suggest it will be a buyer’s market in steel for quite some time. Excerpts from their report follow:

The metalworking recovery momentum from earlier in 2010 has slowed so demand has slipped. Steel buyers are scrimping on orders an

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