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ABC Metals, Inc. 2010 Commodity & Business Report 10.04.10. 2010- in our rearview mirror. Big news for most of the nation past twelve months was the continuing recession At best sluggish, jobless recovery Auto sales, production and inventories. Business Conditions- Macro.
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ABC Metals, Inc. 2010 Commodity & Business Report 10.04.10
2010- in our rearview mirror. • Big news for most of the nation past twelve months was the continuing recession • At best sluggish, jobless recovery • Auto sales, production and inventories
Business Conditions- Macro • Note- Automotive and Housing are the largest consumers of copper in the NA market place. • Auto Production Down 63% from Feb 07- (low pt. dn. 70% with annualized production at 4.3mil LD Vehicles.) • Current Auto Production up 21% from low point. • SAAR rate of production is approx 8.5 mil
2010- in our rearview mirror. • Big news for most of the nation past twelve months was the continuing recession • At best sluggish, jobless recovery • Auto sales, production and inventories • Housing permits & starts
2010- in our rearview mirror. • Big news for most of the nation past twelve months was the continuing recession • At best sluggish, jobless recovery • Auto sales, production and inventories • Housing permits & starts • ABC recovered nicely • Adapted to tougher demands • Fine-tuned systems, processes • Leaner organizations, new methods • Sales rebounded to near pre-recession levels;