30.05.2014 - US steel sheet market seen possibly entering new stable period
The US sheet steel market might be in for another stretch of relative stability, as new upcoming outages balance import pressure and drab demand, market sources said Thursday. One industry consultant said manufacturing -- and thus steel consumption -- should perk up a bit in the second half of the year, but "lower raw material prices, higher utilization, and higher imports may cap the upside at something less than $700/st," he said. "Probably the best outcome would be a 'steady-as-she-goes' scenario, thus avoiding price volatility -- and that seems to be the case today whether one talks about base metals (other than nickel), ferrous scrap prices, or even equities," the consultant said...............................................Full Article: Source
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