SBQ demand depressed; prices dip
Dec 13, 2012 | 02:18 PM
| Corinna Petry
CHICAGO December has shaped into a rather grim month for buyers and sellers of special bar quality (SBQ) products, with grave uncertainties leading market participants to stand pat on their inventories and resist taking deliveries before the first of the year.
"There is more than the usual year-end effect," a Chicago-area cold-finished bar processor told AMM Thursday.
Market participants "are seeing little confidence," even though first-quarter bookings are typically quite strong.
He attributed this to "trepidation over the macro issues, (namely) a lack of leadership in Washington. ... There is an economy out there waiting to rebound, but the leadership has gotten in the way."....
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