Steel traders upbeat despite market’s caution on buying

摘要

Steel traders are coping with a cautious buying environment, though they are hopeful there will be improvement later in the year. “There’s a lot of inventory on the ground, and customers want to be careful,” said Leon Goldenberg, president of Fremak Industries Inc., New York, noting that customers are hesitant about ordering more than 90 days ahead, presumably referring to the longer delivery lead times associated with buying steel overseas