Volatility challenges small steel distributors
May 21, 2012 | 03:01 PM
| Corinna Petry
Tags
Steel,
service centers,
distributors,
volatility,
production capacity,
Corinna Petry
CHICAGO — Small and regional steel service centers are worried about surplus capacity, fierce competition and price volatility, according to a wide-ranging AMM survey of service center sentiment. National distributor chains are somewhat less anxious, although they do acknowledge a slight slowing in activity.
"Business has truly slowed down. If not for automotive, it would be really bad," said the owner of a midsize chain of flat-rolled warehouses. "Inventories are building and prices are collapsing like a deck of cards, with mills fighting like crazy (for orders)."....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here