Stainless distributors wary as nickel, orders fall

Nov 02, 2012 | 11:10 AM | Thorsten Schier

Tags  stainless steel, stainless distributors, stainless surcharges, nickel prices, London Metal Exchange, Thorsten Schier

NEW YORK — Stainless steel distributors continue to be conservative with their buying as demand remains tepid and stainless surcharges look set to trend down again.

"We’re not going out for more than we need. We’re certainly not looking at it and going, ‘We’re going to load up here.’ It doesn’t bode well for the mills’ bookings in December," one Midwest distributor source said.....

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