Monday, March 8, 2010
Global industrial metals market on path to recovery
As the global economy recovers from the worst recession in 70 years, industrial metals are expected to stay on a recovery path this year, but metal producers warn that the advance may be slow, as demand remains shaky.
Among the positives for demand are the impact of lean producer inventories, government stimulus programs and Chinese consumption, analysts said. Global economic growth is starting to pick up as a result.
"We're not expecting particularly strong growth in the world outside China, but we are forecasting global growth will move from a decline of 1 percent in 2009 to a gain of 3.7 percent in 2010. That's a strong inflection point," said BMO Capital Markets global commodity strategist Bart Melek.
-Reuters
For the full story: www.reuters.com
More Newswire stories
âKâ Line, MOL to jointly launch two new loops to West Coast
Report: Brighter future ahead for industrial real estate sector
French Navy claims biggest pirate capture
Click to browse past stories on these topics:
Logistics
Ports & Infrastructure
Economic Outlook
Environmental Impact
Technology
Home/Subscribe/Our Conferences/Ports Handbooks/Advertising Info/Multimedia/Publishing Services/About Us
Contact/Calendar/Past Issues/Upload Files
All contents of this site are copyright 2010 by Northwest Publishing Center and Cargo Business News and may not be reproduced in any way without express written consent of the author.