US steel distributors eye declines ahead
Oct 15, 2013 | 04:12 PM
| Corinna Petry
CHICAGO U.S. and Canadian service centers steel shipments were mixed in September, rising from a year earlier but falling vs. August, with the markets course unclear.
Some distributors saw worse results than anticipated for the end of the third quarter.
"September was down by over 20 percent from August for us," a source at one Chicago-area flat-rolled distributor told AMM. "In October, we are seeing a 5- to 10-percent reduction (in shipments) from September."
A New York-area sheet distributor said he hadnt yet detected a direct impact from the government shutdown but believes demand is trailing off as a result of that, as well as wrangling over the governments debt ceiling. "I dont think anyone is in the mood for higher numbers," he said, and that includes pricing. "I dont think higher pricing is warranted, at least based on demand."....
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