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Business remains slow for hot rolled coil and plate, in the United States, according to MEPS. Demand from the energy sector is weak. Fabricators supplying equipment to the chemical and pharmaceutical industries face competition from Asian suppliers. It is difficult for sellers of hot rolled plate to achieve profitable prices.
Cold rolled coil purchasing activity remains subdued. We have few reports of any pickup in buying ahead of the inevitable slowdown as the year-end approaches. Delivery lead times, from the mills, are short.
Stainless steel bar sellers, in the United States, report weak demand from all sectors. Supply chain participants are seeking to minimise their inventories for the year-end. Stock levels are already low, by normal standards but they are in line with the current, modest sales volumes. US consumption of stainless steel long products, in the year to date, is reported to be 8 to 10 percent down on the corresponding figure twelve months ago. There is no recovery indicated for the early part of 2016.
