Stainless steel outlook unclear: ATI executive
Oct 25, 2012 | 12:03 PM
| Thorsten Schier
Tags
ATI,
Allegheny Technologies,
Richard Harshman,
stainless,
nickel,
London Metal Exchange,
Thorsten Schier
NEW YORK Forecasting in the stainless market is growing increasingly difficult, according to the top executive of Allegheny Technologies Inc. (ATI), citing a lack of visibility.
"When you look at some of the short-cycle business, lead times for stainless steel sheet and plate today are very, very short," ATI chairman, president and chief executive officer Richard Harshman said during the companys third-quarter earnings call, pegging lead times for commodity items at only about two weeks.....
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