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Capitalism is based on the investment and growth of capital. An adequate return on capital investment is essential to a successful business and a prospering industry. Not only do we need a better return on our investment, we need more investment if our industry is to grow…
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Congratulations! We survived 2002. I just hope we can do the same in 2003. While demand remains low, we need to make sure that we do not chase the market down to unsustainable returns that will destroy the value of our business. Only by focusing on profitable business will our industry have a future…
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Castings contain information in the form of design and until the steel foundry designs its own castings, our customers will prosper selling users our castings with their designs…
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Having blown three out of four predictions last year, this year’s predictions are submitted for your entertainment. The economy should improve and our business should increase, but that was true last year and did not happen. Hopefully, this years prediction’s will be more correct than last year’s and more importantly, this year’s business stronger…
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The December 2002 Casteel Reporter - Just the business numbers and graphs this month…
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Challenges we face: Lack of qualified people, lack of capital to invest, lack of labor productivity are significant issues for steel foundries and our customers. Perhaps we should view these issues as marketing opportunities and use innovative approaches with steel castings to improve our customers’ businesses…
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The lack of capital for investment not only threatens the continued viability of steel foundries to survive, it is a significant factor restraining demand. Until this factor shifts to allow more investment, business will remain slow…
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SFSA celebrates 100 years of service this year! We have many special events and opportunities. You need to plan to participate…
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Survival requires that we not concede desperation pricing. Destroying the industry to retain market share is irrational. While firms at the point of failure may resort to desperation, we need to manage our companies to survive and prosper. Preserving cash and capability is key…
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Come to the SFSA 100th Anniversary celebration at our Annual Meeting. We all need to celebrate this important event and I would urge you to plan to come. Our success is due to your support, as discussed in the Casteel Commentary. Take the time and opportunity to join your friends and enjoy this milestone in our Industry…
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