Steel demand growing, but in baby steps: ASD

Feb 07, 2013 | 03:37 PM | Corinna Petry

Tags  steel, steel distribution, steel supply, steel demand, steel prices, ASD, Association of Steel Distributors, Lisa Goldenberg Delaware Steel

CHICAGO — There are some bright spots for steel as signs point to growth in the automotive, agricultural equipment, oil and gas, and mining markets, but the extent to which demand improves this year remains to be seen, market players say.

Economic indicators "point to very strong growth, whether it’s automotive, agricultural equipment, certainly anything to do with oil and gas, and mining," Lisa Goldenberg, president of Delaware Steel Co., Fort Washington, Pa., said during an AMM-led roundtable at a recent Association of Steel Distributors meeting in Detroit. "Has anyone called up and given us the largest order we’ve seen in three years? No. Nonetheless, the numbers are there."....

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