2010's yearend steel buying spree won’t repeat in 2012

Oct 18, 2011 | 06:22 PM | Corinna Petry

Tags  steel service centers. stel market, steel purchases, steel prices, steel demand, steel supply, Corinna Petry

CHICAGO — This time last year, a number of the nation’s service center operators looked at the low level of flat-rolled steel prices, knew the mills had announced a Jan. 1 price hike, took a risk and purchased more tons than their current incoming order book suggested was required.

The gamble paid off throughout the first quarter of 2011 because flat-rolled tags climbed each month before leveling off in April.

Today, as service centers enter the final quarter of 2011, their appetite for risk has waned.....

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