Service Centers
September 24, 2013
Service Centers: Are Some Making a Mistake in the Spot Market?
Written by John Packard
Our survey results from this past week pointed to a weakening in the resolve of a number of service centers. There are a group of distributors who believe that prices have only one direction to go from here – lower. Fed by the belief that their inventories will depreciate from here, a number of service centers have begun to lower their spot prices.
We thought the comments made by the executive at one large service center group to SMU earlier this week might give some of their distributors something to reflect upon:
