Sheet market still awaiting turnaround
Apr 26, 2013 | 04:29 PM
| Catherine Ngai
NEW YORK Squeezed margins, lackluster demand and oversupply issues continue to plague the domestic steel sheet market, sources said, noting that either a significant demand boost or a major production outage will be necessary to trigger a turnaround.
"People cant survive like this forever. Things will continue until capacity comes offline," one Midwest service center source said. "The industry is in need of a shot in the arm from demand. Things have been so flat for the last five to six months that everyone is now begging for some fluctuation."....
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