Reliance sees aero plate glut into 2014

Oct 28, 2013 | 01:58 PM | Corinna Petry

Tags  Reliance Steel & Aluminum, aluminum, aerospace plate, inventories, William Sales, Gregg Mollins, producers, distributors Corinna Petry

CHICAGO — The long-lasting inventory overhang of heat-treat aluminum aerospace-quality plate will likely persist well into 2014, according to service center operator Reliance Steel & Aluminum Co.

"It is very difficult to get a real concrete number as to how much inventory is on the floor at the large commercial jet manufacturers," president and chief operating officer Gregg J. Mollins said during the Los Angeles-based company’s earnings conference call. "This causes mixed....

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