Service Center Cowboys Shoot Industry in Foot

Triplett, Tim
April 2007
Metal Center News;Apr2007, Vol. 47 Issue 5, p8
Trade Publication
The author reflects on the thought of service centers that buying low steel quantity and selling them high because steel prices are trending up is a big win for them in the U.S. He remarked that such move forces prices to go down and they end up hurting themselves and the steel industry. He added that distribution channels are digging itself out of an inventory glut caused by excessive and speculative buying. The author also cited some observations of veterans regarding the situation.


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