Service Centers
July 16, 2015
Service Centers Fat & Not Quite Sure if Happy is the Right Word
Written by John Packard
“I have not heard anyone all that concerned about supply disruptions other than the industry media. It seems there is plenty of material to go around and anyone who took a position is hoping that there will be an interruption so that their inventory will become more profitable.” Ohio Valley Service Center
Earlier today, SMU was having a discussion with a service center executive who was, once again, reminding us that their inventories were high enough that they were looking for warehouse space to store the excess (although all the steel is technically sold on contracts). The need to buy spot inventory was limited and this executive surmised that their mill suppliers were having a tough time attracting new spot orders.
