Comments on: Our Metals Predictions for 2008

By: Nucor Not the Only One Holding High Priced Inventory

Nucor Not the Only One Holding High Priced Inventory — Thu, 19 Mar 2009 17:01:57 +0000

[...] To get a sense of the high priced inventory that Nucor is working off I found this in their most recent 10-K filing: The average scrap and scrap substitute cost per ton used remained at historically high levels in 2007 and 2008, increasing 13% from $246 in 2006 to $278 in 2007 and increasing an additional 58% to $438 in 2008. During both years, Nucor used a raw material surcharge as a component of our product pricing to help offset the impact of volatile scrap prices. Okay, we all saw prices increase last year but many had said the price increases were not sustainable (including us very early last year during our annual predictions). [...]

By: Rebecca Read

Rebecca Read — Thu, 24 Jul 2008 20:26:13 +0000

Can someone tell me what the cost per ton for 9% nickel steel is right now?

By: Our Metals Predictions for 2008 - Q1 Scorecard | MetalMiner

Our Metals Predictions for 2008 - Q1 Scorecard | MetalMiner — Wed, 26 Mar 2008 11:00:37 +0000

[...] It is hard to believe that we are coming up on the close of the first quarter of 2008. What a quarter it has been! We thought it would be fun to review our predictions from the beginning of the year and grade ourselves. At the same time, we will chime in with what we believe is in store for metals buyers and traders in Q2 and beyond. In case you missed our original predictions, you can find them here. [...]

By: Power Shortages Affect Gold, Platinum and Aluminum | MetalMiner

Power Shortages Affect Gold, Platinum and Aluminum | MetalMiner — Mon, 28 Jan 2008 12:04:50 +0000

[...] that are tough to quantify when financial analysts or market watchers such as ourselves make metals price predictions. But buyer beware, supplier disruption is alive and well in [...]

By: Fire Sales and Foreign Dollars Good News For Stainless Buyers | MetalMiner

Fire Sales and Foreign Dollars Good News For Stainless Buyers | MetalMiner — Thu, 24 Jan 2008 12:08:01 +0000

[...] buyers prepare for when ThyssenKrupp comes on stream in 2010? Well, given our 2008 stainless steel price predictions, consider locking in some longer term contracts as prices drop. And maybe, just maybe, buyers will [...]

By: The Environment, The World’s Cheapest Car and the Price of Copper | MetalMiner

Wed, 09 Jan 2008 12:02:30 +0000

[...] we stand by our 2008 metals predictions (including copper) – the fact remains the underlying data may be pointing to a very different financial picture long [...]

By: Buy Em, Hold Em, Sell Em, Hedge Em | MetalMiner

Buy Em, Hold Em, Sell Em, Hedge Em | MetalMiner — Mon, 07 Jan 2008 12:04:19 +0000

[...] he always pushed me to answer. And so I can’t help but feel that publishing New Year’s predictions though perhaps helpful to some may actually just be a yawn if there isn’t something more [...]

By: admin

admin — Fri, 04 Jan 2008 02:19:48 +0000

Good point. But pricing predictions of course for metals are so dependent upon form, type, grade, volume, point of origin, destination, export tariffs, import duties, % of content in final product etc. We couldn’t possibly provide this in a blog format. However, maybe you have provided us with a good idea. We can charge a subscription for it…hmmmm….LAR