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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