Steel buyers’ mood improving: survey

Jul 09, 2013 | 03:54 PM | Corinna Petry

Tags  carbon steel, flat rolled, steel buyers forum survey, lead times, pricing, mill outages, foreign offers, demand balance economic activity

CHICAGO — The mood of carbon steel sheet buyers has risen along with pricing, and many hope demand will soon balance out supply, allowing current pricing to be sustained for the next 60 to 90 days.

"Prices are definitely on the upswing due to the supply-demand equation coming more in balance," an East Coast flat-rolled distributor source told AMM, citing a planned production outage at ArcelorMittal USA Inc. and an unplanned one at AK Steel Corp., less foreign supply, apprehension following the filing of an anti-dumping case against oil country tubular goods and lengthened lead times.

A Midwest sheet distributor source agreed that prices were firming, noting that his suppliers were not "as flexible or as negotiable as in the past, so the new prices are starting to stick." ....

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