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    June 12, 2024

    SMU Steel Demand Index edges up, remains near a 12-month low

    Written by David Schollaert

    Steel Market Update’s Steel Demand Index moved up 2.5 points last week, though it remains in contraction territory and at one of the lowest readings in nearly a year, according to our latest survey data.

    SMU’s Steel Demand Index now stands at 41, up from a reading of 38.5 at the end of April. The increase was marginal, keeping the index to its lowest measure since August 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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