SMU's Mill Order Index improved in March

SMU’s Mill Order Index (MOI) recovered in March, gaining some momentum after a marginal decline in February. The result came as service center on-order volumes increased, supported by higher overall shipments, according to our latest service center inventories data.

Mill new order entries in March ticked up, supported by efforts at the service center level to keep backfill inventories in line with demand. The dynamic remains complicated as the market continues to experience a supply-side squeeze.

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

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