Steel sheet demand holds steady in 2013
Jan 04, 2013 | 04:21 PM
| Corinna Petry
Tags
Hot-rolled coil,
spot pricing,
inventories,
purchasing,
demand,
supply,
overcapacity,
Steel Buyers Forum survey
Institute for Supply Management
CHICAGO — Demand for hot-rolled band may appear weak at first glance, but spot prices for coil appeared to be holding steady in the first week of the year.
“It’s hard to describe: The market isn’t strong, but it’s not weak either,” a buyer in the Plains states said. “There is no urgency to buy. Customers are waiting to see how their business shapes up. Although the government has dealt with the tax issues, until economic certainty arrives, they are being cautious.” ....
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