Steel service centers see little Sept. change
Sep 19, 2012 | 03:39 PM
| Chris Prentice
NEW YORK North American service centers expect to see little change in steel shipments this month following August levels that improved from July but were down from a year earlier.
"We think our September will be a little bit improved but not by any significant number," a source at one national steel distributor told AMM. "Were not seeing a whole lot (of demand) other than the energy side of the business, which continues to be fairly strong, while theres a lot of uncertainty in the other markets."
Service center sources said overall demand remains relatively unchanged so far this month, even as a few segments have experienced a slight uptick over the past two weeks.
"Automotive used to drive the steel industry, and now its recovered; weve seen production at pre-crash levels," one northern service center source said. But "its not enough to pull up the slack for construction."....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.