W. Coast flat-roll tags off $30 a ton on slack demand
Dec 04, 2006 | 12:12 PM
| Frank Haflich
Demand for flat-rolled steel remains sluggish on the West Coast as buyers struggle to work off existing stocks amid falling end-market consumption.
While part of the falloff is due to normal year-end inventory trimming, a further decline in business activity has contributed to an estimated $20- to $30-a-ton decline in prices during the past four to six weeks.
"It's slow for everybody, mainly seasonal, but probably a little slower than usual," a service center executive said. The view seems to be a typical one on the West Coast.
This means that some buyers and mill executives previously looking for a pickup to occur early in the New Year are pretty much writing off most of the first quarter and aren't expecting much of an improvement to be evident until late February or March.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.