Traders optimistic about 2013 prospects: AIIS

Jan 07, 2013 | 05:59 PM | Suzy Waite

Tags  survey, AIIS, steel traders, hot-rolled, cold-rolled, steel, Catherine Ngai

NEW YORK — Steel traders appear somewhat optimistic about market conditions in the coming months, with many anticipating an increase in finished steel sheet imports, but many continue to see oversupply as a major setback to growth.
Those sentiments were reflected in the American Institute for International Steel’s (AIIS') December market survey, with all respondents expecting an increase in cold-rolled sheet and corrosion-resistant steel imports in the next two months, while 73 percent expect an increase in hot-rolled sheet imports. ....

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