Olympic has rosy forecast after strong 3d qtr.
Nov 04, 2011 | 02:06 PM
| Corinna Petry
Tags
Olympic Steel,
flat rolled pricing,
2012 forecast,
earnings,
Michael Siegal,
David Wolfort,
temper mill,
corinna petry
CHICAGO — Olympic Steel Inc. executives are forecasting 5-percent growth in real steel demand next year, and expect their sales will outpace that growth as they capture increasing market share.
"Demand has remained sound through October, and we continue to see strength in automotive, heavy industrial and agricultural equipment," president and chief operating officer David Wolfort said Friday during Olympic’s third-quarter earnings conference call, adding that those steel consumers "are optimistic about demand."....
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