Some steel manufacturers are raising prices to help offset costs despite healthy inventories and weak demand in the slower global economy.
U.S. Steel Corp. got higher prices for flat-rolled steel and products manufactured at its European operations during the second quarter.
John P. Surma, chairman and CEO of the Pittsburgh manufacturer, discussed the prospect of future prices Tuesday during a conference call with analysts.
QUESTION: Do you think the domestic market can accommodate additional price hikes?
RESPONSE: I think that depends a lot on how the general economy does and if there happened to be a little bit of good news on the construction and housing side. I saw some reports from one of our really good major customers saying that they were hoping that's going to happen.
That would be great, if the energy markets stay strong and if the automotive builds stay stronger....
It depends on the supply/demand balance.... I think one has to look at it deeper and see what the utilization rate for those...that are actually operating and it may be that that supply/demand balance right now is in a pretty good place....
Source: http://news.yahoo.com/call-us-steel-ceo-john-surma-220356534--finance.html
nfl schedule delonte west vanessa williams nicklas backstrom discovery shuttle allure jane goodall
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.