CMC 4th Quarter
2007
2008
Annual Meeting
of Shareholders
Summary
§Anticipate Global Infrastructure & Construction
Growth to Remain Strong
Growth to Remain Strong
§Rising
Iron Ore & Scrap Prices = Rising Steel Prices
§Steel Imports Should Remain Low
§High
Bulk Freight Rates and Weak U.S.$ to Continue
§Service
Centers Should Pick Up Buying Activity
§Higher International Steel Prices Sustainable Based on
Lower Chinese Steel Exports
§Industry
Consolidation to Continue
§U.S. New Residential Construction Off the Peaks
of 2006, But Still Very Good
of 2006, But Still Very Good
§Non-Residential Construction Market Remains the
Key Driver
Key Driver