EXHIBIT 2 Scrap Prices of Dealer Bundles ( price per metric ton delivered from Buenos Aires
)
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Date of Estimate Price Range
December 1995. $96-$97
January. 19956. 99-100
February 1996. 104- 105
March. 1996. 98-99
April 1996. 94-94
May. 1996. 103-104
June. 1996. 114-115
July. 1996. 115-116
August 1996. 119-120
September 1996. 131-132
October 1996. 159-160
November 1996. 159-160
December 1996. 144-145
January 1997. 139-140
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EXHIBIT 3 Balance Sheets ( pesos in thousands )
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As of December 31
1994. 1995. 1996
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Cash
Accounts receivable
Inventories
Other current assets
Total current assets
Property, plant, and equipment
Other
Total assets
Working capital notes payable
Current portion long-term debt
Accounts payable
Other current liabilities
Total current liabilities
Long-term debt
Deferred taxes and leases
Total liabilities
Common stock ( Par= $ 1/sh)
Additional paid-in capital
Retained earnings
Total owners' equity
Total liabilities and equity