Steel plate buying steady in uncertain market
Aug 26, 2013 | 05:10 PM
| Catherine Ngai
NEW YORK Buying activity in the steel plate sector has remained steady in recent weeks, sources said, although distributors and service centers said continued squeezed margins, low inventory levels and lackluster demand has continued to plague the market.
"The mills are trying to position and get an increase in the market, but most people in the market dont think its justified because demand isnt there," one Midwest service center source said. "Theres still a lot of (downstream) competition and that is the biggest problem out there." ....
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