Steel buying up in Nov.; stocks said still too high

Dec 13, 2006 | 09:40 AM | Philip Burgert

Purchasing by steel buyers showed signs of revival in November, although most buyers said inventories remain too high, according to the latest survey by the Institute for Supply Management (ISM).

About 18 percent of buyers surveyed said they planned to increase receipts of raw materials in the next three months, up from 6 percent or less the previous two months, and 6 percent said they intended to increase inventory levels in the next six months vs. none a month earlier.....

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