January 2005

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Features
2005 Outlook Survey
In Steel We Trust, But...

MCN’s Optimism Index shows industry sentiment—and profits—may have peaked.

Market Outlook: Appliances
Growth Slows, But Still Simmers

Consumers have more options than ever when choosing appliances. Appliance makers are exploring their raw material options in an effort to cut costs.

Galvanized Market
Too Much Coating Capacity

Forecasts for construction and automotive hold promise for strong sales of galvanized and Galvannealed products in 2005, but the supply-demand balance is cause for concern.

After 600-Year Slumber,
China’s Wide Awake

The Western world has had a 600-year breathing space, but that is over. The other engine of the world economy is here to stay.

MCN Case Study: Esmark
Bouchard Brothers Buy Into Growth

An ambitious start-up acquires niche companies, adopts proven
business models, exacts stringent operating efficiencies and uses risk management tools to become one of the Top 10 metals distributors in North America.

From the Editor's Desk
Metal Prices Defy Prediction
By Tim Triplett,
Editor-In-Chief

Business Topics
Taxes, Trouble and Trial Balloons in 2005
By Mark E. Battersby


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