Purchasing - January 16, 2003
Features
Still not enough supply reductions to boost prices
Mill shutdowns, consolidations and import tariffs have reduced domestic capacity of carbon steel hot-rolled bar, but not enough to disrupt the buyers' market by tightening supply or propelling prices higher. Leadtimes, which closed 2002 at two weeks, have averaged under four weeks for two years now. Hot-rolled steel bar demand is driven by construction products; automotive, off-highway, agricul...
Mill shutdowns, consolidations and import tariffs have reduced domestic capacity of carbon steel hot-rolled bar, but not enough to disrupt the buyers' market by tightening supply or propelling prices higher. Leadtimes, which closed 2002 at two weeks, have averaged under four weeks for two years now. Hot-rolled steel bar demand is driven by construction products; automotive, off-highway, agricul...
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