Premium
November 25, 2024
Written by Brett Linton
Prices were stable to down in November for all seven steelmaking raw materials tracked by SMU, according to our latest analysis.
Through Nov. 22, prices for zinc, pig iron, iron ore, coking coal, and aluminum all declined month over month (m/m), while steel scrap prices held steady.
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
SMU’s Steel Demand Index ticked back up from late May, remaining in elevated territory, according to mid-June indicators.
SMU’s Mill Order Index recovered in May, reclaiming some momentum lost the month prior.
US service centers’ flat-rolled steel supply declined for a fourth straight month in May, with shipping days of supply slipping to 44.7 on an adjusted basis, according to SMU data.