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Steel buyers begin to supplement inventories for balancing
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After the low buying activities in the past few months, the steel inventory level has reaching the bottom line and this drives buyers to return to the market.
According to the feedback from purchasers, they would increase their orders of metal products in the next three months and even to add up their inventories by 6 percent from July to 11.8 percent in the following six months.
In general, the offer from foreign mills is considered as either higher or well above USA domestic level in August. However, foreign mills still make the most efforts to create business in the US market and this has performed 20 percent growth in the buyers’ imports than January.
News Date
9/5/2007 10:46:15 AM
reported by
Bill Chen
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