Market Data
April 6, 2014
Written by Kirt Ashman
Steel Market Update received the following “Letter to the Editor” from the West Coast:
Here is my view of the flat rolled market. Just my opinion of the state of the industry. You may or may not agree but these are points I think customers should carefully consider:
The latest tally of active drilling rigs increased in Canada while slightly easing in the US this week, according to oil and gas rig count data published by Baker Hughes.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
The Chicago Business Barometer rebounded in September, returning to expansion after slipping into contraction in August.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.