Steel supply chain facing risks: execs

Feb 21, 2014 | 06:02 PM | Catherine Ngai

Tags  Metals Service Center Institute, MSCI, SSAB Americas, Charles Schmitt, Michael Taylor, Cargill Steel Service Centers, Kip Mostowy, Herr-Voss Stamco Gary Stein

PHOENIX — The steel supply chain is becoming more complex and more global, although the United States still has a number of recognizable bright spots, executives said during an industry panel at the Metals Service Center Institute’s Carbon Conference in Phoenix.

But these bright spots could be undermined by a number of risks, including overregulation and oversupply, steel executives from the equipment, production, service center and distribution supply chain warned.

In terms of demand, the energy sector continues to be among the strongest end markets.

"The energy market is pretty diversified, especially with the pipe and tank car industry," said Charles W. Schmitt, president of Lisle, Ill.-based SSAB Americas. "We’re also seeing some strength in transmission towers, so that’s good business for SSAB. We think that the one drag right now continues to be construction. Hopefully, we’ll see a pickup by the second half of 2014."....

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