Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/faf6bc687118bda8527951b50c560f45.jpg)
SMU Service Center Inventories for August
Written by Tim Triplett
September 17, 2019
Steel Market Update’s analysis of flat rolled and plate inventories and shipments, reported earlier this week to data providers and Premium subscribers, shows flat rolled inventories of 55.8 days of supply, and plate inventories of 52.1 days, as of the end of August. Service center flat rolled inventories remained elevated, while plate saw a reduction in supply last month to the lowest level seen all year.
Steel Market Update surveys key data providers each month to gather the latest information on steel sheet and plate inventories. The results are summarized in the SMU Service Center Inventories Report, which is distributed to Premium subscribers around the 10th business day of each month. Data providers also receive a Flash Report with preliminary data about a week prior to other subscribers.
SMU’s Service Center Inventories Report includes:
• Total inventory levels from the data providers
• Total monthly shipments by the data providers
• Shipping days of supply
• Months of supply on hand
• SMU Inventories Report Analysis, which includes expert commentary on the month-to-month changes in flat rolled and plate inventories, with forecasts based on industry pricing trends and other market factors.
{loadposition reserved_message}
Data providers also receive additional information on the average daily shipping rate, tons on order, shipping days of supply on order, percentage of inventory on order, as well as the percentage of inventory committed to contracts vs. available to the spot market.
For more information on how to become a data provider or how to upgrade to a Premium subscription and qualify to receive the inventories report each month, contact Paige Mayhair at 724-720-1012 or email Paige@SteelMarketUpdate.com.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/tim-triplett.jpeg)
Tim Triplett
Read more from Tim TriplettLatest in Steel Products
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/10/CMC-New-Logo.png)
CMC to open rebar fabrication facility in Ohio
Longs producer and metal recycler CMC plans to open a new rebar fabrication plant in Akron, Ohio.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/steel_trade.png)
US and Mexico take action to curb ‘unfair’ trade
The US and Mexico announced measures on Wednesday to prevent tariff evasion and protect North America’s steel and aluminum industries.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/gears.png)
Final thoughts
First off, we hope everyone had a safe and happy July 4th holiday, with fireworks seen and BBQs attended. Many parts of the country are quite toasty at the moment, signaling that, yes, summer has indeed arrived. And looking at our most recent survey results, the summer doldrums have arrived as well.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/12/Rig_count_pic_3-scaled.jpg)
Active rig counts recover in US, slip in Canada
US drill rig activity moved back up last week after drifting lower for four straight weeks. Meanwhile, Canadian counts slipped for the first time after a seven-week rally, according to the latest data from Baker Hughes.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/AISI.png)
AISI: US steel shipments up in May from April, off from 2023
Domestic steel shipments increased in May month over month but have fallen on-year.