Sheet market firms on supply-driven demand
Jul 05, 2013 | 03:51 PM
| Catherine Ngai
NEW YORK The steel sheet market continued to firm this past week on the back of supply-driven increases and steady demand, sources said.
While the first week of July is typically quieter due to the Independence Day Holiday, sources contacted by AMM said that the tightness in the hot-rolled market would continue for weeksand even monthsto come.
"The market on the sales (demand) side is pretty flat, but all the changes are on the supply side," said one mill source. "The mills are in a strong position right now, and the way I see it, itll probably last through October or November. This thing is supply driven because supply is tight."....
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