Inventories at US service centres and OEMs are up from the very low levels of a month ago. The proposed January price rises have spawned a mild buying frenzy for December delivery. The market is described as "moderately strong" due to tightened supply, with little or no offshore offers. The October transaction price increases are now fully implemented. However, distributors report that underlying demand is only steady. There is a great deal of anxiety over which way the economy is heading.
In Canada, producers have announced a $C40 per tonne increase for January business. A portion of the rise has been accepted on some products but...
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