SMU Steel Demand Index grows at a slower pace

SMU’s Steel Demand Index saw a slight decline in growth, slightly behind early July, but remaining in elevated territory, according to mid-to-late July indicators.

The Steel Demand Index, compiled from our survey data, now stands at 62.0, down from a reading of 65.0 in early July and down from a recent high of 69.5 in mid-May.

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.