Universal tempers outlook on choppy demand

Sep 28, 2012 | 02:29 PM | Anne Riley

Tags  stainless steel, Dennis Oates, Universal Stainless & Alloy Products, anne riley

NEW YORK — Stainless steel demand has not rebounded as quickly as expected following the traditionally slower summer, leading Universal Stainless & Alloy Products Inc. to curb its outlook for the second half of the year.

"Post-Labor Day supply-chain demand has not stabilized as much as had been hoped," chairman, president and chief executive officer Dennis Oates said in a statement. "While we continue to execute our growth strategy companywide, it is prudent to assume that the benefits of our....

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