Stainless logs slow ’13 start but signs point up
Jan 17, 2013 | 03:27 PM
| Thorsten Schier
NEW YORK Stainless steel distributors have seen sluggish demand in the opening weeks of the new year, but while volumes remain below traditional levels, some market players say they are hopeful a pickup is in the cards.
"I would say its tepid, but I do feel that were right around the corner from improved demand. I just feel that were due for a cyclical upturn," a source at one Midwest stainless distributor said, citing continued strong automotive demand, a pickup in the housing market and increased consumer spending. "The general economic news is pointing upnot 90 degrees, but maybe three degrees. That will eventually trickle down to our markets."....
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