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    May 24, 2024

    SMU Steel Demand Index falls to a 12-month low

    Written by David Schollaert

    Steel Market Update’s Steel Demand Index fell five points to a 12-month low and has moved further into contraction territory, according to our latest survey data.

    SMU’s Steel Demand Index now stands at 39, down five points from a reading of 44 at the end of April. The decline brought the index to its lowest measure since mid-June 2023.

    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.

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