Steel demand pick up seen sluggish at best in 2009


By Carole Vaporean LAS VEGAS, April 28 (Reuters) - Any revival in demand for steel late this year will be sluggish at best and may not become strong until 2012, analysts told a scrap metal conference on Tuesday. "Price falls and producer margins are seen coming under increasing pressure around mid-year," Gavin Montgomery, steel analyst for CRU in London told the Institute for Scrap Recycling Industries (ISRI) convention. "Conditions could become so severe that we could see permanent ...

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