In the United States, market activity slowed, from ahigh level, in mid-February, but rebounded, somewhat,in March. Inventory levels, at stockists, are low. Theyare reliant on mill depots and master distributors tofulfi l their requirements. Market participants reportcautious optimism. Basis fi gures are stable. Alloysurcharges, for type 304 bars, decreased, marginally,in March, and will rise, by slightly more, in April.
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