April 2011 | Welded steel tube & pipe
US surcharges falls stalls purchasing: Stainless Steel Market Analysis
The last couple of months have seen some strong increases from the distributor sector.
US mills announced a fall in surcharges for May. These were much anticipated. So much so, that many service centres had held off on placing April orders. Months-in-hand inventories at service centres dropped to 2.6, down from 3. The mills had tried to avoid this purchasing hiatus by announcing base price increases ahead of the surcharge prices. Though, this failed to stimulate the market, as May transaction prices will most likely be lower, with June seeing a further decrease.Orders...
ACCESS RESTRICTED
You must be a paid subscriber to view the full content.
Content over 60 days old can only be accessed by subscribers.
Call +44(0)20 7779 8000 with your credit card details or subscribe online.
SUBSCRIBE
Receive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts. Plus download the latest issue as soon as it’s published.
Subscribe