Economy
May 6, 2014
ISM Steel Buyers See Foreign/Domestic Price Spread Beginning to Contract
Written by Sandy Williams
Steel buyers in the April Institute for Supply Management (ISM) Steel Buyers Survey are expecting general economic activity to remain the same for the next six months. Higher orders are anticipated during the next three months but current order levels are still weaker than buyers would like.
Right now at present production rates and with no new orders, current order books would last 1-2 months for 54.5 percent of steel buyers and 2-4 months for 27.3 percent.
