Steel prices decline in all regions during October

Steel Nov 01, 2011 No Comments

Steel price declineIn the US, flat products transaction prices fell in October despite the fact that the domestic mills had proposed further rises for the fourth quarter, on top of those noted last month.

Delivery lead times are relatively short. Producers do not have full order books and have had to offer discounts to try to stimulate demand. Distributors report that their business is just about satisfactory but likely to slow as the year-end approaches. Consequently, they are cautious regarding their forward purchasing levels.

via Steel prices decline in all regions of the world during october – MEPS.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website Propurchaser.com.

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