Olympic optimistic on volume, not pricing
Feb 22, 2013 | 05:44 PM
| Corinna Petry
Tags
Olympic Steel,
flat-rolled steel demand,
steel pricing,
orders,
original equipment manufacturers,
OEMs,
Rick Marabito,
DAvid Wolfort
Corinna Petry
CHICAGO — Executives at Olympic Steel Inc. expect flat-rolled pricing to stay relatively flat this year, but they hope to counter that with higher inventory turns as volumes continue to rise due to improved demand and deeper market penetration.
The company forecasts scrap prices will rise in March, probably matching the level where they were in January after having retreated $9 to $10 in February, chief financial officer Rick Marabito said during the distributor and processor’s Feb. 21 earnings call. ....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here