Aluminum distributors divided over MSCI data
May 16, 2013 | 05:56 PM
| Michael Cowden
CHICAGO Service center sources are divided over whether recent data that showed declines in U.S. aluminum shipments and inventories last month indicate tough times ahead.
Some market sources argued that they had yet to see optimistic talk translate into increased orders as customers continue hand-to-mouth buying patterns, while others said they have seen a significant uptick in both orders and inquiries for the May-June timeframe and expect a strong finish to the year and an even stronger 2014.
One service center source said his company had seen orders for most products dip in 2013 compared with last year. In plate, for example, the trend has hit shipments to the aerospace, defense and general fabrication industries on a combination of economic uncertainty, a supply glut, reduced government spending, customer wariness to restock amid falling prices, and a general lack of business activity, he said.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.