Steel beam demand said in holding pattern

Jun 11, 2013 | 06:23 PM | Frank Haflich

Tags  steel, beams, structural steel, scrap, discounts, imports

LOS ANGELES — The structural steel market continues to tread sideways, with most buyers anticipating a holding pattern through the third quarter and possibly until the end of the year.

While some beam buyers said they think demand could turn around later in the year and a few said that there has actually been an improvement, most said they expect the rest of 2013 to be flat as they await a real recovery in nonresidential construction.

"We’re hoping for steady; we’ve minimized our inventory," a Midwest distributor said. "At this point, we have no outlook for an uptick."....

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