Down year seen for tool steel market

Mar 28, 2014 | 03:43 PM | Rey Mashayekhi

Tags  steel, automotive, tool steel market, Steel & Metals Market Research, SMR, Markus Moll, Metals Service Center Institute, MSCI Rey Mashayekhi

AUSTIN, Texas — Fewer new models from automakers will translate into a down year for the U.S. tool steel market, although medium- to long-term indicators bode better for the industry, according to Steel & Metals Market Research GmbH (SMR).

The Reutte, Austria-based research firm estimates a 5-percent decline in tool steel “market development” in the United States this year, SMR managing director Markus Moll said at the Metals Service Center Institute’s (MSCI’s) Specialty Metals Division Conference in Lost Pines, Texas, this past week. Moll said the decline is predicated on the dynamics of the....

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