Genuine Improvements in U.S. Domestic Demand

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"We are finally starting to see signs of genuine demand improvement," Wilde continues, pointing out that gains to date in most grades are only modest, however. In most grades, the magnitude of y/y volume gains is exaggerated by the extremely easy comps of early 2009. "Still, even modest gains in domestic demand are leading to tighter markets, because of supply discipline and favorable trade flows. "Moreover, with broad economic indicators such as GDP and the ISM's manufacturing index showing strength, we expect further demand gains in the months ahead," Wilde explains.