Markets were soft, but the big mills still packed some production punch.
Henry Spelter
With increasing globalization and interconnectedness
of world trade, one obvious
solution would be to shift sales to other parts of the globe. Yet in this regard
the American industry seems unable to capitalize on its opportunities. While demand and prices have been dropping in the U.S., conditions in Asia, the Middle
East and Europe have been more auspicious.
Together with a weak dollar against European currencies, an opportunity
for increased exports seems to beckon.
But export volumes have remained essentially flat over the past 15 months.
http://www.fpl.fs.fed.us/documnts/pdf2007/fpl_2007_spelter001.pdf
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