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.

