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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