Archive for October 7th, 2005
Ebay for the Steel industry?
I came across this article today at The Stalwart
The website http://www.steelsalvor.com/has dubbed itself “The Ebay of the Steel Industry”, and it does seem justified. The company allows buyers and sellers to conduct auctions on spare steel which may be lying around in warehouses all over North America. How does spare steel arise? From a recent [...]
Posted: October 7th, 2005 under Steel.
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Latest MEPS on Steel prices
As expected, poor consumer demand and overhigh inventories led to further transaction price slippage during August, in the US. However, the bottom appears to have been reached and values have picked up in recent weeks. Although rising scrap costs were the initial driver, inventory levels have now come down and import penetration is currently quite [...]
Posted: October 7th, 2005 under Steel.
Comments: none