Stainless logs slow ’13 start but signs point up

Jan 17, 2013 | 03:27 PM | Thorsten Schier

Tags  stainless, MSCI, stainless steel distributors, Thorsten Schier

NEW YORK — Stainless steel distributors have seen sluggish demand in the opening weeks of the new year, but while volumes remain below traditional levels, some market players say they are hopeful a pickup is in the cards.

"I would say it’s tepid, but I do feel that we’re right around the corner from improved demand. I just feel that we’re due for a cyclical upturn," a source at one Midwest stainless distributor said, citing continued strong automotive demand, a pickup in the housing market and increased consumer spending. "The general economic news is pointing up—not 90 degrees, but maybe three degrees. That will eventually trickle down to our markets."....

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