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Global Stainless Steel Market Remains Dull

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Thinkpad (EUNN) London - MEPS reports that world output of crude stainless steel in the first half of this year was recently reported to have reached 12.9 million tonnes, an increase of almost 6 percent on the same period of 2004. This is much more closely in line with stainless steels long-term growth trend than the 7.4 percent year-on-year advance seen in the first quarter of 2005 and the 9.1 percent rise in last years second half.

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Microsoft Almost all the growth in the first-half was in China where production rose by more than 50 percent year-on-year. Global output, excluding China, edged up by only 1.8 percent. Oversupply in China meant weak prices there and ThyssenKrupps Chinese cold strip rolling affiliate recorded a loss in the three months to the end of June.

year career at IBM, a global information technology company where he was a member of IBM senior leadership team. There he held multiple roles, from overseeing the company worldwide competitive and server sales to leading sales, services, marketing and channel operations for IBM software business in Asia Pacific. During this time he resided in Tokyo, Japan.

Laptop Computers The most recent figures demonstrate the effects of mills restraining production particularly in Europe, but also in some Asian countries in order to address price falls by curbing excess supply. Several producers are continuing to cut output into the third quarter of the year as sales remain weak.

Apple' 1990s release of the iMac forever broke the tyranny of beige when it came to computer cases and put the idea of personalizing a computer into many, dare we say "envious, " PC hobbyists who were already building their own machines. While the vast majority of personal computers continue to be housed within dull, boring, beige cases, the last remaining archetype from the Jurassic days of the first IBM PCs (some twenty years ago) may be on the way out.

Laptop Computer After the earlier build-up of excess stocks, adjustment has been taking place for several months. This is continuing in the third quarter, while demand is diminishing for seasonal reasons. Prices continue to fall.

According to the indictment, Jones would steal various IBM and Penguin computer servers from Verisign's warehouse in Virginia and sell them to Johnson. Johnson would then sell the servers to several individuals, who would sometimes place them for sale on eBay. As a result of this scheme, the indictment alleges that Jones and Johnson caused Verisign to lose more than $120, 000 worth of computer equipment. In the indictment, Jones and Johnson are charged in three counts with causing the interstate transportation of stolen property, namely IBM 330 and 335 servers, in violation of 18 U.S.C.

Desktop Computer The price of nickel has retreated from the highs that it reached earlier this year. This means that alloy surcharges are falling in September they will be down by about 40 per tonne in Europe and in the USA by about $US140 per short ton for type 304 flat products.

Notebooks In Europe at least, this is not likely to give mills an opportunity to raise basis prices in the short term. The northern hemisphere holiday season means that consumption is low and buying is subdued. Some producers have had to cut output more deeply than they originally thought. The North American market may be somewhat more favourable towards a basis price rise, because there is less overcapacity.

Lenovo The industry is now trying to assess when the current destocking phase will be completed. In the absence of reliable statistics for inventories held by service centres and end-users, this involves quite a lot of guesswork.

Hard Drive Finland-based stainless producer, Outokumpu, recently reported that seeing beyond the third quarter was difficult. Demand is expected to remain poor and basis prices to continue drifting lower. Others say the production cuts already announced should be sufficient to deal with the problem and the inventory depletion should be completed by the final quarter.

Travelstar Source: MEPS (International) Ltd.

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