Flat-rolled buyers seeing mixed signals
Sep 04, 2013 | 04:29 PM
| Corinna Petry
CHICAGO Flat-rolled distributors are relaying mixed signals on both the buy and sell sides of their businesses.
An Institute for Supply Management Steel Buyers Forum survey shows forward order trends up, backlogs up slightly, improved shipments vs. the previous quarter and a 13-point jump in the percentage of respondents expecting an upturn in sales and production in their industries over the next six months.
Yet some sources told AMM that lower scrap pricing, returning capacity at AK Steel Corp., West Chester, Ohio, and Pittsburgh-based U.S. Steel Corp.s Lake Erie Works in Nanticoke, Ontario, and imports will pressure domestic hot-rolled and cold-rolled coil prices into lower realms this fall.....
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