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Metals Service Center Institute Mid-America Chapter Town Hall Meeting

Metals Service Center Institute Mid-America Chapter Town Hall Meeting. BOB WEIDNER President & Chief Executive Officer Metals Service Center Institute. ‘90 ‘91 ‘92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ‘04 .

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Metals Service Center Institute Mid-America Chapter Town Hall Meeting

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  1. Metals Service Center InstituteMid-America ChapterTown Hall Meeting

  2. BOB WEIDNER President & Chief Executive Officer Metals Service Center Institute

  3. ‘90 ‘91 ‘92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ‘04 Capacity Utilization: Durable Manufacturing 85.0 82.5 80.0 77.5 75.0 72.5 70.0 67.5

  4. Recessions: Cyclical Vs. Structural

  5. Low Interest Rates Improved Financial Market Conditions Tax Cuts Weaker Dollar Recovery Preconditions:

  6. GDP Anemic Unemployment High Under-employment However: Jobless Recovery

  7. Manufacturing

  8. ProductionSector

  9. Need for collaborative coalition of metals and manufacturing groups We need to elevate awareness level of the manufacturing crisis Large and small manufacturing businesses need to work together to insure fair and free trade “Securing America’s Future: The Case for a Strong Manufacturing Base” Joel Popkin Study Metalworking Alliance to Save North American Manufacturing

  10. Leverage the strength of our diverse membership base focusing it on saving N. A. manufacturing Utilize our chapter infrastructure to conduct 5 town hall meetings by year-end  Chicago on 8-21, Charlotte on 10-9, Atlanta on 10-16, Los Angeles on 10-21, Cleveland on 12-2 and 7-10 more scheduled in 2004 CEO “fly-in” to Washington, D.C. in February Coalition for a Sound Dollar MSCI’s Role

  11. BILL HICKEY President Lapham-Hickey Steel Corporation

  12. Market fundamentals have historically not set the value of the Japanese Yen, Taiwanese Dollar, Korean Won and Chinese Yuan – Governments Have! China’s growing trade surplus and huge foreign investment inflows would suggest one thing – a stronger yuan – reality is vis-a-vis the U.S. dollar there’s been no change Currency Manipulation

  13. Currency Valuations – Market Forces Or Manipulation? Percentage Change Of Average Monthly Values Versus The U.S. Dollar From January 2001

  14. The U.S. Current Account Deficit Source: U.S. Department of Commerce – February 13, 2004

  15. Factory Jobs In Decline U.S. Manufacturing Jobs Seasonally Adjusted, Scale In Millions Source: U.S. Bureau of Labor Statistics – February 6, 2004

  16. Coalition of over 90 trade associations focused on achieving a sound dollar policy – www.sounddollar.org Growing momentum to utilize Section 301 of the Trade Law of 1974 to get the Administration and Congress to address currency manipulation IMF Article 4 Various provisions of WTO regulations Coalition for a Sound Dollar

  17. Write your elected officials (federal, state & local) Invite elected officials into your plants Hold elected officials accountable to take a stance on pro-manufacturing agenda Get engaged in championing manufacturing at home . . . Personal Commitment & Participation

  18. $673.5 43% $403.3 41% $206.6 28% $155.4 28% $118.4 6% $100.6 43% $96.3 17% $44.9 30% $42.1 6% $36.3 15% $16.7 5% The Hazard Of Currency Reserves AWASH IN DOLLARS Asia’s growing foreign reserves, in billions of dollars Country Year-End 2003% Change From 2002 Source: Reuters

  19. ED BALLARD President Six-B Manufacturing, Inc.

  20. ROBERT LOCKETT Chief Operating Officer PREMIER Motorsports, LLC

  21. Metals Service Center InstituteMid-America ChapterTown Hall Meeting

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