Rivals applaud Kloeckner’s West Coast exit
Jul 11, 2013 | 01:15 PM
| Frank Haflich
NEW YORK Kloeckner Metals Corp.s exit from the West Coast structural steel market is being applauded by other distributors still pulling out of a post-2008 market slump.
"Maybe this will bring a semblance of order to this market," said a western distributor who, like many of his counterparts, believes theres been too much service center capacity in the regions wide-flange beam market, where nonresidential construction activity remains far below its 2006-07 heyday.
Kloeckner, based in Roswell, Ga., has pulled out of the West Coast market for beams and structural tubing, and after filling pre-existing orders it will close its Fontana and Stockton, Calif., facilities by late September (amm.com, July 9). It has agreed to sell the assets, including inventory, to Aurora, Colo.-based Brown-Strauss Steel, market sources said.....
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