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February 2012: Industry Update

Wednesday, February 1, 2012 @ 09:02 PM
posted by admin
From Rolled Steel Products perspective it appears that the steel market is at a plateau, whereby we could see prices stabilizing or even possibly falling a bit. For the past two months or so domestic prices have been increasing fairly significantly, while the foreign prices have increased only slightly. Lead-times domestically from mill sources have been shrinking or staying stable across the nation. Service Centers are still keeping inventories at a minimal with many steel buyers still having great concern about supply and demand. The domestic mills (and steel buyers) are concerned about two areas which will be impacting the domestic market-increased capacity and imports. We possibly could see a rush of more imported steel which would certainly drive the prices down domestically. It is our goal to watch both markets carefully and keep our inventory at appropriate levels while keeping a continuity in supply for our ongoing existing customers.


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