Goldman Sachs
4th Annual Global Steel CEO Forum
December 4, 2008
North America
§OCTG
Imports Starting to Decline
§Raw
Materials
–Some
Weaker
–Some
OK
§Copper
Prices – Always a Bell Weather
–At
$1.60 - $1.70 Per Pound
–Reflects
Lower Demand
§China
Starting to Buy Nonferrous Scrap Again – Positive Sign
