Distributors wary of bullish stainless outlook

Jan 24, 2014 | 05:31 PM | Rey Mashayekhi

Tags  stainless steel, service centers, distributors, Metals Service Center Institute, MSCI, Rey Mashayekhi

NEW YORK — Stainless steel service centers and distributors agree that Metals Service Center Institute (MSCI) figures for 2013 indicate the market has improved from 2012, but remain wary of such figures suggesting further improvement in 2014, industry sources told AMM.

Stainless shipments totaled 124,400 tons in December, according to the latest MSCI data, up 10 percent from 113,000 tons a year earlier, signaling a stainless market that has benefited from better demand and a more positive economic climate, although 2013 shipments of nearly 1.77 million tones were up only 0.7 percent from 2012 (amm.com, Jan. 17).....

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