Steel service centers reining in stock levels
Nov 15, 2012 | 05:11 PM
| Corinna Petry
CHICAGO Although total U.S. steel shipments in October were on the rise, service centers outlook for the balance of the fourth quarterespecially in terms of their confidence in replacing stockhas dimmed.
U.S. steel shipments by companies reporting to the Metals Service Center Institute (MSCI) jumped 14 percent in October vs. September to 3.51 million tons, MSCI data show. As total shipments increased, stocks on hand fell to 2.4 months worth of supply from 2.8 months worth in September. ....
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