Extrusion demand shows signs of easing: SCM

Jun 05, 2013 | 11:07 AM | Michael Cowden

Tags  Service Center Metals, SCM, R. Scott Kelley, outlook, 2013, second half, soft alloy, extrusion demand

CHICAGO — Demand for soft alloy extrusions is showing signs of easing, a potentially worrying trend for the second half of 2013, according to Service Center Metals LLC’s top executive.

When the Institute for Supply Management’s Purchasing Managers’ Index (PMI) fell to 49 percent in May (amm.com, June 3), it brought back uncomfortable comparisons to June 2009, R. Scott Kelley, president and chief executive officer of the Prince George, Va.-based company, said in an interview with AMM.
At the same time, three of the last five months have seen soft alloy extrusion demand down year over year, he said. ....

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