We made a mistake in our ‘October at a Glance’ table in last Sunday’s newsletter. There was a typo in the SMU cold rolled price, resulting in an error in the average cold rolled price for the month of October.
The corrected table is below:
John PackardRead more from John Packard
Latest in SMU Data and Models
SMU survey: Current Buyers’ Sentiment wanes, Future Sentiment rises
SMU’s Current Steel Buyers’ Sentiment Index eased to an eight-week low, according to our most recent survey data.
SMU market survey results now available
The latest SMU market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Historical survey results are also available under that selection. If you need help accessing the survey results, […]
SMU survey: Steel mill lead times near 5-month low
Steel mill lead times shrunk by an average of 0.3 weeks, according to our latest market survey, now nearing levels last seen in September of last year.
SMU survey: Mills more willing to negotiate lower spot prices
Steel buyers generally found mills more willing to negotiate spot pricing on the products SMU surveys this week, according to our most recent survey data.
SMU Steel Demand Index sags, hits four-month low
Steel Market Update’s Steel Demand Index has moved lower, having remained in contraction territory for the better part of the past two months, according to our latest survey data.