Economy
June 8, 2014
Foreign Mills Aggressively Seeking US Business Say ISM Steel Buyers
Written by Sandy Williams
The Institute for Supply Management has a sub-group of steel buyers who survey their members once per month in order to track trends affecting the steel industry. In the most recent survey, the ISM Steel Buyers group reported foreign steel mills and their domestic representatives as much more aggressively seeking steel orders from U.S. steel buyers.
As a whole, steel buyers in the May Institute for Supply Management (ISM) Steel Buyers Survey are a little more optimistic about general economic activity for the next six months. Those who expect an increase moved up to 33.3 percent from 27.3 percent in April, however, the majority (66.7 percent) are expecting economic activity to remain essentially unchanged.
