Stainless profits to stay flat: distributor
May 02, 2013 | 12:18 PM
| Daniel Fitzgerald
TORONTO Profits in the flat-rolled stainless steel industry will be "nonexistent for the next three years," according to an executive at Global Stainless Steel Inc.
The arrival of new production capacity in the North American stainless marketparticularly through the Calvert, Ala., mill of Finlands Outokumpu Oyjis likely to "keep prices depressed for the foreseeable future," Brad Beauchamp, vice president of the Mississauga, Ontario-based company, said at the International Nickel Conference in Toronto, hosted by AMM sister publication Metal Bulletin.....
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