Early summer brings domestic plate slowdown
May 11, 2012 | 04:09 PM
| Anne Riley
NEW YORK Summer appears to have come early for the domestic steel plate market, with distributors reporting a slowdown in both activity and pricing that usually isnt witnessed until the third quarter.
"Were used to seeing maybe July, August slowing down and some retraction in pricing at the mill level during that slowdown, but weve definitely seen a slowdown early this year," one Midwest service center source said, noting that the pullback in activity for his business started about three weeks ago.
"Our bookings have been off; the number of inquires has been off," he said. "Im not sure whytheres been no change in our large OEM (original equipment manufacturer) customers forecasts and buildsbut Im hoping its fairly short-lived and doesnt go all the way through summer."....
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