Sheet market still awaiting turnaround

Apr 26, 2013 | 04:29 PM | Catherine Ngai

Tags  steel sheet, hot-rolled steel, steel prices, steel overcapacity

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 can’t 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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