Shipments continue to deliver solid performance as again both month and YTD comparisons show improvement. We note that the slope of our growth line has moderated some and given the recent run up, it would have been hard to continue at that pace. Referring to the chart at the bottom of the page, note the recent upward trend in this representation of commodity pricing and then, most recently, a small dip in those numbers. This run may be over however we are not expecting deep drops in those surcharge levels. Forward looking indicators of import volume remain strong and recent pricing of Nickel, as noted by the chart at right indicates little relief.
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