Stainless steel demand falling: distributors

Apr 18, 2012 | 01:19 PM | Thorsten Schier

Tags  stainless, stainless flat-rolled, nickel, Markus Moll, MSCI, Thorsten Schier

NEW YORK — Flat-rolled stainless steel distributors have seen demand fall following a solid start to the year.

"Demand is very weak, very disappointing. It’s been down pretty much the past month," one mid-Atlantic stainless steel service center executive said.

"It’s not completely in the doldrums, but I wish we were busier," a service center executive in the Midwest added.

The demand slowdown is borne out by the latest figures from the Metals Service Center Institute (MSCI), which show a 9-percent decline in stainless service center shipments in March to 156,700 tons after a 5.9-percent month-on-month gain in February. ....

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