Eateries are having it their way despite the dull economy
May 01, 2008 | 12:25 PM
Consumer spending might be down due to the softening economy, but that hasn't weakened the food service industry's drive to put more eateries on the map.
Since restaurant kitchens traditionally are constructed with stainless steel for its intrinsically hygienic characteristics, the food service industry's sustained growth bodes well for stainless producers and suppliers.
Darden Concepts Inc., Orlando, Fla., owns several brands, including Olive Garden, Smokey Bones, Red Lobster and Capital Grille, using at least 10,000 pounds of stainless sheet in new restaurants, said Rich Jeffers, Darden's director of media relations.
Stainless prices have been riding a roller coaster, with Type 304 sheet fluctuating from $1.27 a pound in April 2006 to $2.49 a year later and down to $2.22 in April this year. The price peaked at $3.03 a pound in July 2007. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.