SMU's Mill Order Index expands in June

SMU’s Mill Order Index (MOI) continued to expand in June. The result came as service center on-order volumes and new order entries continue to rise, according to our latest service center inventories data.

The trend underscores a growing on-order pipeline, driven by expanded lead times as buyers work to secure material. New mill order entries in June were up more than 10% vs. May, potentially exacerbating a marketplace already under 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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