Buyers to Increase Purchases, But Look for Foreign Sources

January 2006
Metal Center News;Jan2006, Vol. 46 Issue 1, p45
Trade Publication
The article focuses on the Institute of Supply Management's December Steel Survey, according to which nearly a quarter of steel buyers may increase their purchases over the next six months. This is a good news for steel suppliers. The majority of users are expecting that incoming orders, receipts and economic activity should remain the same. Michelle Applebaum of Michelle Applebaum Research Inc., commented that there may be a shortage of supplies of hot- and cold-rolled sheets. Many end-users are indicating that they may plan to order steel from foreign sources.


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