Steel Products
August 8, 2023
Steel Buyers Hold Modest Inventory Positions
Written by Becca Moczygemba
Steel buyers continue to keep a close eye on prices and inventory levels as we head into the last five months of 2023.
Steel Market Update’s latest surveys asked individuals throughout the supply chain when they think sheet prices will bottom. A high percentage of respondents said that prices will find the bottom in August, while others said September or October. Very few thought prices have already bottomed or won’t see the floor until November or later.
