'Unseasonable' weather aids metals sector shipments
Feb 29, 2012 | 07:00 PM
| John Ambrosia
With winter winding down, many across the country are left wondering when, if ever, the annual rites of passage of freezing temperatures and snowor frost and severe storms in the South and on the West Coastare going to make an appearance.
The lack of a normal winter, let alone a severe one, has had an impact on the metals sector, affecting prices and the movement of goods. And while there have been some spots of severe weather in some regions, so far they have been isolated and the effect largely muted.
The continental United States mostly has been spared from Old Man Winter. As a preamble of what was to come, the National Climatic Data Center (NCDC) reported that November was the 25th warmest in its 117 years of recordkeeping, with 13 states in the Northeast and the upper Midwest recording a top-10 warmest November on record and none suffering a top-10 coldest November. Approximately half of the United States had temperatures at least 5 degrees above average during December, the NCDC reported, and January was the third-least snowy on record, according to the Global Snow Lab at Rutgers University. (Records for the amount of ground covered by snow go back to 1967.) ....
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.