Rise in steel imports affects distributors, infrastructure
Oct 31, 2012 | 07:00 PM
| AMM staff
Steel imports are at the forefront of many market players minds right now, with an influx of foreign products affecting service center inventories and buying decisions, and even leading to calls for more port infrastructure investment.
Heavy imports earlier this year, along with lingering uncertainty about demand, could cause service centers to reduce their steel plate purchases through the end of 2012, according to Jeffery J. Moskaluk, chief commercial officer of Lisle, Ill.-based plate producer SSAB Americas.
We would certainly expect service centers to remain cautious on purchasing for inventory in the fourth quarter, he said.
Moskaluk, who addressed an Association of Women in the Metals Industry meeting in California in September and was interviewed briefly by AMM afterward, noted that most distributors plate inventories have been climbing in recent months.
According to the most recent Metals Service Center Institute data, U.S. distributors steel plate inventories in both August and September were equal to 3.3 months supply at then-current shipping levels, up from 3.2 months in July and well above 2.8 months supply a year earlier.....
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