Steel buyers maintain stocks as demand stalls

Nov 05, 2012 | 02:02 PM | Corinna Petry

Tags  steel, steel prices, steel inventories, steel capacity, steel buyers, flat-rolled steel, Institute for Supply Management, Corinna Petry

CHICAGO — Flat-rolled steel buyers continue to keep a tight lid on their inventory levels amid flat demand, even as some producers become "aggressive" in their push to move tons, distributor and processor sources told AMM.

"Things are not bad, but slow. It’s a typical fourth quarter," a Mississippi Valley flat-rolled processor said. "In years past, we might have taken advantage of a good deal and bought a few barges, but this year we’re not doing that much. No matter who wins the election, things won’t improve in the next 90 to 120 days."....

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