Archive for September 29th, 2006
Mounting Steel Stockpiles in US
Inventories of steel have been piling up in customer warehouses in the U.S., creating worries of a glut and downward pressure on prices.
The rising supplies come as U.S. auto makers are cutting back domestic production, and could be a sign of weakness in some other parts of the U.S. manufacturing sector.
Service centers, which buy 30% [...]
Posted: September 29th, 2006 under Steel Comment, Steel International.
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