Steel shipments steady, but pricing less certain

Sep 17, 2013 | 04:20 PM | Corinna Petry

Tags  Metals Service Center Institute, steel shipments, steel inventories, Corinna Petry

CHICAGO — Steel shipments during September are fairly even with the pace of the past 60 to 90 days, but pricing has become less certain, according to U.S. service center operators.

"Our shipments last month were on par with the last three months and are about the same through mid-September," a source at an upper Great Lakes flat-rolled distributor told AMM. "If there’s a good deal on steel I’m going to buy it, (but) prices are flat."

A cold-rolled and coated sheet distributor source predicted that the fourth quarter won’t be very strong. "I think prices will drop off. They are already showing signs of weakness in spite of tightness in cold-rolled," he said, citing Fort Wayne, Ind.-based Steel Dynamics Inc.’s inability to roll that material until November (, Sept. 13).....

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