Flat Rolled Steel Survey Says!

As many of you are well aware, John Packard, the founder and publisher of Steel Market Update spent 31 years actively buying, selling and at an executive level within the flat rolled steel industry. During his 31 years he created many relationships with steel buyers as well as knowledge about the industry.

We use both as we build each steel survey. First, those invited are qualified before being added to the list of invitees to participate in the survey process. The total number of invitees is just under 600 companies.

Second, we add specific questions regarding the trends that are affecting the industry right now to compliment those questions that are asked on a regular basis. We are building trend models that can be clearly tracked with the graphics provided to our Premium members and we are asking many of the questions that those involved in the industry are trying to figure out on a daily basis.

There are some very definitive trends which have been growing over the past few months. We are seeing demand as under stress, we are finding service centers as reducing spot prices in an effort to remove inventories and we are finding both service centers and manufacturing companies as less inclined to buy foreign steel right now. These are just a few examples of the data we provide to our Premium members and much of this data is not published in our newsletter or website.

We published this week’s steel survey results on our website earlier today and it is available for review by our Premium members (and free trials).