Economy
February 21, 2019
Buyers' “Indecisiveness" Impacts Secondary Sales
Written by Tim Triplett
Like the prime steel market, secondary steel is suffering from indecisiveness among buyers who feel uncertain about tariffs and trade and their effects on the economy.
Secondary steel is nonprime or excess material that did not meet the specifications for its original intended use. Mills offer the material at a discount to service centers, who look for buyers that can use it for alternative applications. Historically, an estimated 3-4 percent of domestic steel production ends up in the secondary market due to surface defects and other flaws.
