Economy
November 5, 2013
ISM Steel Buyer Short Term Outlook Muted but Optimism for Longer Term
Written by Sandy Williams
ISM steel buyers reported shipping levels are higher than three months ago and about the same or higher compared to 12 months ago.
Inventory decreased slightly in October with most (46.2 percent) saying they have tons on hand to cover 0-1 months; 38.5 percent said they have enough for 1-2 months. Tons on hand are at the same or slightly higher level than 12 months ago. Inventory levels are about right for demand according to 76.9 percent of buyers and too high according to 23.1 percent. Most plan to maintain current inventory levels over the next six months.
