Steel centers’ shipments pick up in January

Feb 18, 2014 | 06:11 PM | Catherine Ngai

Tags  steel inventory, MSCI, service centers, steel shipments, Catherine Ngai

NEW YORK — Business conditions and demand appear to be looking up for U.S. and Canadian steel service centers, buy- and sell-side sources said, but a number of market participants said winter weather that has affected much of the United States has hurt shipping levels and will likely continue to do so.

"The weather has really crippled transportation. I can’t get things out and I can’t get things in. I’ve had to buy tons just to fill in last week," one manufacturing source said. "Demand wise, I’m not hearing people talk about the sky falling. I think we’ll pull out of this, and everything I’m hearing on the end markets is that this year will be better and that the second half will blow up."....

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