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Year-to-Date Steel Imports Down

Year-to-Date Steel Imports Down

Friday, October 7, 2005
 
Steel-consuming companies should be concerned by the 14-percent decline in imports of hot- and cold-rolled steel for 2005 compared to 2004 YTD figures, “especially since service-center inventories are now at or below normal levels,” says PMA President William E. Gaskin. Add in the possible boost in demand from hurricane-rebuilding efforts and the result could be supply shortages and price volatility. One positive note: imports of cold-rolled steel increased in August 2005 by 11 percent over July 2005 figures.

 

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