Made in America
Add comment June 25th, 2008
Did you catch this story on ABC News last night? It seems to me that I’m hearing more of these stories and it’s good news for us all. You’ll have watch a 15 second commercial first though.
Archive for June 25th, 2008
Export to China-Update #2
Add comment June 25th, 2008
As I mentioned in my recent blog, I am trying to find an agent or distributor to sell my products in China (see link)
http://blogs.e-rockford.com/manufacturing/2008/06/18/export-to-china/
Well, I just received a response to my e-mail that I sent to several potential agents located in China. They were provided to me via the State of Illinois Office of Trade. We are now quoting several products for price, delivery and payment terms. One new experience is that I had to find a software that could open the files he sent, but fortunately, they existed here. Thanks also to Jill at Ingersoll Production Systems for her insight on this small problem that we quickly overcame.
Here’s hoping I can compete and win some new business!! More later.
Steel Price Update #2
Add comment June 25th, 2008
A story about upcoming steel prices from the WSJ yesterday:
“After months of negotiating with China’s top steel makers, mining giants Rio Tinto PLC and BHP Billiton Ltd. on Monday won an 85% increase in the benchmark price for iron ore, a key ingredient in steel production. The rise indicates that steel prices world-wide are likely to stay high, further fanning inflation concerns. The increase is retroactive to April 1. That means steelmakers that have purchased iron ore from BHP and Rio since then will have to write checks for the difference. Contract prices for iron ore with this new increase would be in the range of about $140 a metric ton, up from $85 a ton.
There are just three major mining companies. Iron ore will account for 65% of the raw material costs.”
