Steel distributors report slow start to year

Jan 02, 2013 | 02:52 PM | Chris Prentice

Tags  flat-rolled steel, hot-rolled sheet, cold-rolled sheet, hot-rolled coil, steel pricing, Chris Prentice

NEW YORK — A slow start to 2013 has left some North American flat-rolled steel buyers less than certain that January will register the previously expected boost in demand.

"I feel like nothing has changed much. There’s (still) going to be a struggle between input costs and demand. That’s going to define the month of January," one Midwest service center source said.

January traditionally offers the steel sector a welcome pick-up in demand after year-end destocking, and while it’s too early to say whether that will be the case this year, indications for the first few days of 2013 suggest a substantial boost may not materialize this month, sources said.....

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