Steel sheet market wary of summer slowdown

Jun 12, 2013 | 04:40 PM | Catherine Ngai

Tags  steel sheet, SteelBenchmarker, service centers, hot-rolled, cold-rolled, catherine ngai

NEW YORK — U.S. sheet market participants continue to report stable buying activity this week, but some are wary about the onset of the traditional summer slowdown.

"Things have gotten quiet, and I’m starting to see the beginning of the summer doldrums," an East Coast service center source said. "I don’t think there are long-term projects out there and we’re not seeing a flurry of quotes. With the summer coming along, I think the mills will have a fight on their hands."

The first quarter is usually strong for steel mills as buyers come in to replenish inventories, followed by a slower summer period. However, this year the first-quarter uptick never really materialized, sources said, leading some to wonder whether the summer might also buck the traditional trend.....





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