A merger that could push iron prices even higher
September 9, 2008
One of the biggest problems encountered throughout the construction industry over the last few years has been the rapid escalation of prices for raw materials of all kinds, from plastics to metals. The surging prices of cast iron and steel have been especially dramatic. Now, one of the world's largest mining companies is aggressively pursuing one of the other largest such firms
, and if the two were to merge, they would have a considerable grip on the world's supply of iron ore. Cast iron is a primary component in our self-priming pumps
, so we have a particular interest in further developments. Most pump companies, of course, are subject to the same pressures, since cast iron is the de facto standard for pump casings in permanent municipal applications.
last revised September 2008