Prices are up substantially over their price a year ago, from 30-58% - up by double digit percentages - with the exception of Coke. Both upside and downside risk are present when considering raw materials purchases and long term pricing on the products that we produce. While U. S. steel production in June was up 65% over a year ago, Chinese steel mill exports to the world increased 320% from June 2009 to June 2010. Washington promised “change,” but continues to do nothing.
Your data is needed by PMPA to help us provide facts regarding the impact of a proposed change for the precision machining industry.The issue involves a change in the interpretation of the word feasible by OSHA.
Prices are up substantially over their price a year ago--all up by double-digit percentages with the exception of Coke. Nickel is on a tear (up 170%), and both upside and downside risk are present when considering raw materials purchases and long-term pricing on the products that we produce. While U.S. Steel production in June was up 65% over a year ago, Chinese steel mill exports to the world increased 320% from June 2009 to June 2010. Washington promised “change,” but continues to do nothing.
All of the crucial raw materials that we track are up double and triple digits compared to the same month last year. Material cost component of our manufactured products is up, and holding, but subject to variability of global forces as well as local and market demands.
There are a lot of questions that we need to answer every day. “Did my parts ship?” “Did the material arrive?” “Where is that special tool?” “Does anybody know where the tool room guy went?” “Who is John Galt?”Who?