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Company: Harsco (HSC)
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  Harsco's two biggest customers continue to report elevated sales and profits

The steel and metals industries, two of Harsco's largest customers, continue to report elevated sales and profits. Fueled by rising international demand for steel, steel prices have sky rocketed. Continued success in these industries means the same for Harsco.

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  Continued business for Harsco

While trouble in the U.S. housing market has led to lower residential construction levels, the non-residential and commercial construction industries have been remarkably resilient. In 2008, commercial construction is expected to continue this success and grow 1.1%, contributing to a total expected growth in non-residential construction of 2.9%.[1] Internationally, non-residential construction rates are also very high. This activity translates to continued business for Harsco.

References

  1. Architecture Billings Index
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  Company's services relatively cheaper due to the falling dollar

The dollar continues to be valued at record-low levels compared to the euro and other world currencies. This should work to encourage international business for Harsco as the company's services are relatively cheaper.

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