Economy
October 4, 2014
ISM Steel Buyers Expecting Flat Conditions
Written by Sandy Williams
Steel buyers in the September ISM Steel Buyers Survey are expecting general economic activity to be flat over the next six months. Respondents were split at 45.5 percent on whether the the trend for sales and production would go up or remain static.
Tons on hand would cover shipping levels for 0-1 month for 36.4 percent of buyers, 1-2 monts for 54.6 percent and 2-3 months for 9.1 percent. The trend has shifted lower compared to August. Compared to 12 months ago, tons on hand are slightly higher.
