‘Political games’ weigh down service centers

Jan 22, 2013 | 02:33 PM | Corinna Petry

Tags  Steel distributors, steel products, end-market demand, mill offers, foreign supply, confidence, Congress, risk aversion service centers

CHICAGO — Service centers are buying and selling steel—not a lot, but some—as a general malaise settles over the sector, with distributors of bar, tubing and flat-rolled products unhappy about how this season is shaping up compared with past ones.

"We’ve been looking for the ‘new normal’" for four years, a Midwest sheet distributor source told AMM. "But what we’ve got is slow economic growth and slow demand improvement. That is normal."

"Within the markets we service, our customers are saying things are OK but slow," a source at a national full-line distributor said.....

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