Steel Dynamics Says Data From Steel Service Center Sector Points To Low Customer Inventory Which Co Believes Will Cause Destocking To Abate, Support Pricing
Portfolio Pulse from Benzinga Newsdesk
Steel Dynamics reports that data from the steel service center sector indicates low customer inventory levels, which the company believes will cause destocking to abate and support pricing.

June 16, 2023 | 12:49 pm
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Steel Dynamics expects low customer inventory levels in the steel service center sector to reduce destocking and support pricing.
The low customer inventory levels in the steel service center sector, as reported by Steel Dynamics, are expected to cause destocking to abate. This will likely support pricing for the company's products, potentially leading to increased revenues and a positive impact on its stock price in the short term.
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