Titanium spot market demand appears on track to remain flat through year-end as mills, consumers and distributors drive to pare inventory.
“It is not getting any better,” one distribution executive said. “The Mills want to push out material, but the customer don’t want to take it.”
“This is a very transactional market now,” one buyer source said, citing what most observers see as an extremely opportunistic pricing environment.
Lead times are historically short for most products – as brief as 4 to 6 weeks for 6/4 ingot, 6 to 8 weeks for bar and 8 to 10 weeks for plate.
Excerpts from American Metal Market November 27, 2013
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