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January 19, 2006

MSCI Launches New Metals Tendencies Report

January 19, 2006

MSCI Launches New Metals Tendencies Report

ROLLING MEADOWS, Illinois, January 19, 2006 – The Metals Service Center Institute has launched a new monthly opinion survey to identify how industrial metals distributors will respond to market trends and market-influencing events.

The report, called the Metals Tendencies Survey, or MTS, complements the institute’s carefully watched Metals Activity Report (MAR) of service center shipments and inventories of 12  categories of such industrial metals as carbon steel, stainless steel, alloy and aluminum. The MAR is a quantitative study of service center activities, while the new MTS is a qualitative look at how metals service centers plan to respond to MAR data. Taken together, the two reports are among the best indicators of metals market trends.

“Because of our broad, diverse member base, MSCI has a unique capacity to generate extremely accurate and very timely market trend data of great potential benefit to our members and others who follow industrial markets,” said M. Robert Weidner, III, MSCI’s president and chief executive officer. “The Metals Tendencies Report is another important piece of the market-outlook puzzle that mills, service centers, metals users and others can use to improve their own estimates of metals supply and demand.”

MSCI will derive the Metals Tendencies Report through a monthly, on-line survey of service center member executives on their plans to increase or decrease orders in the 12 MAR product categories; whether supplies will be purchased domestically or abroad; whether they intend to build or deplete inventories; how certain major events – such as hurricanes or stock market shocks, for example – might alter plans; customer demand rates, and more. The information is collected on a confidential basis and aggregated by MSCI’s third-party survey partner.

Results will be reported for the United States and Canada, and by regions within both. The institute expects to release its first complete survey in February.

The MTS replaces an old survey series, Business Conditions I. The new survey is considered superior because it will involve responses from a much larger base, with questions tied to MAR data and responses benchmarked against the latest monthly Metals Activity Report. Reports will be in an easy-to-read graphic form, and the survey will now take into account issues with potential market impact.

 

About MSCI

Founded in 1907, the Metals Service Center Institute has more than 350 members operating from about 1,200 locations in the U.S., Canada, Mexico, and elsewhere around the world. Together, MSCI members constitute the largest single group of metals purchasers in North America, amounting each year to more than 75 million tons of steel, aluminum, and other metals, with about 300,000 manufacturers and fabricators as customers. Metals service centers inventory and distribute metals, and provide first-stage fabrication services.