Steel Market Update (SMU) conducts two flat rolled steel market surveys per month. We poll over 600 manufacturing, distribution, trading, toll processing and steel mills involved with either the production or sale of hot rolled, cold rolled, galvanized or Galvalume (zinc-aluminum) steels.
Over the past month we have begun to ask a new question of those responding to our flat rolled steel questionnaire. With the excessive inventories at service centers, and potentially some end users, created (in part) by high levels of imports, SMU wanted to know when we might see imports start to taper off. This will be an important ingredient to balancing inventories and allowing the mill order books to rebound.