Economy
May 5, 2015
Order Rates Expected to Accelerate Say Steel Buyers
Written by Sandy Williams
Steel buyers in the April ISM Steel Buyers Survey are expecting general economic activity to remain the same during the next six months but were more optimistic regarding sales and production in their specific industry. Forty percent of buyers expect the trend for sales and production to improve, compared to 30 percent in March. Fifty percent are expecting more of the same.
New order activity over the next three months is expected to pick up said 50 percent of buyers compared to 23 percent in March. Back logs are expected to increase over the next three months as well.
