Kevin G. Hall, McClatchy Newspapers

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Power May 19, 2008

Economic trends: Manufacturers in upstate New York see both sides of globalization

Midstate Spring has made coiled wire forms and precision for nearly seven decades. But the soaring price it pays for steel and copper wire is set by global supply and demand trends, and that's put Midstate in a world of hurt. Across town, a scrap yard operated by Metalico Syracuse Inc. is enjoying good fortune. It sells mostly to nearby mills such as Nucor Steel in Auburn, N.Y., not to foreign countries, yet it nets a rising global price. Welcome to the increasingly complicated world of international trade.

By Kevin G. Hall, McClatchy Newspapers
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