SMU Steel Demand Index Slips, Supply Squeeze Driving Prices?

SMU’s Steel Demand Index indicates that the pace of growth has slowed down when it comes to apparent demand for flat-rolled steel in the US.

The index is still above 50, which indicates improving demand. But it is down 6.4 points, following a similar weakening seen in the prior reading in mid-February.

David Schollaert

David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

David Schollaert

Latest in Market Data

AISI: US production edges back down

Nucor ups HR coil CSP to $1,230/ton

Drilling activity eases in the US, moves higher in Canada

SMU Survey: Current Buyers’ Sentiment Index declines, Future Sentiment flat

SMU flat-rolled market survey results now available