Steel market looks sluggish in near term, survey shows

Oct 10, 2012 | 11:05 AM | Catherine Ngai

Tags  steel buyers, Institute for Supply Management, Steel Buyers' Forum, inventory levels, michelle applebaum, Catherine Ngai

NEW YORK — The steel market likely will remain sluggish for the next three months, according to the latest Institute for Supply Management’s Steel Buyers’ Forum survey.

Nearly 62 percent of steel buyers surveyed said they had enough product on hand to cover current shipping levels for one to two months. The same number reported that their current receipts were equal to current shipments, and that their inventories were....

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