Lower natural gas prices calm metal industry’s energy cost concerns

Oct 02, 2006 | 05:13 PM | Matthew Lerner

Natural gas costs should be less of a problem for metal players this winter as prices continue to slide, with the Natural Gas Supply Association (NGSA) predicting lower prices than last year in its annual outlook.

Current spot prices have decreased in virtually all regional spot markets to as low as $4 per million British thermal units (mmBtu), according to the Energy Information Administration. Perhaps more importantly, however, forward prices for this winter's heating season have fallen to an average of $7.163 per mmBtu, with November the lowest at $5.669 and February the highest at $7.714.....

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