According to the results of our most recent steel market survey, 62 percent reported “some” of the increase (less than 50% of the increase amount) has been collected. Another 5 percent reported “most” of the increase as being collect (more than 50% of the announced amount) while 33 percent reported “none” of the announced increase […]
Steel Market Update (SMU) conducted our mid-March steel survey this past week. We invited 682 people representing approximately 650 different companies to participate in our survey. Of those responding 49 percent were manufacturing companies, 39 percent were service centers/wholesalers and the balance were trading companies (5 percent), steel mills (4 percent), toll processors (4 percent) […]
Key Market Indicators March 23rd 2013 The key indicators chart is designed to give a snapshot of the steel market on a specific date. The chart is stacked to separate the primary indicators of the general economy, of proprietary Steel Market Update indices, of both flat rolled and long product market indicators and finally of […]
Utilizing a trailing average hot rolled coil (HRC) price, the SMU Price MoMo Index for flat rolled steel in the U.S. remained below zero percent this week for the tenth week after eight consecutive weeks of positive momentum readings. MoMo is based upon the current hot rolled coil price weighed against the previous 12 week […]
SMU was following up on an article we did earlier this week regarding service center spot sales to other warehouses/dealers during our survey process. We wanted to go out to a larger audience and see what kind of impact distributors were seeing in their sales to other distributors. What we found through our survey is […]
Steel Market Update (SMU) ran a number of articles concerning the tepid support service centers were giving spot flat rolled steel price increases into the manufacturing segment of the industry. SMU surveys the industry twice per month and our most recent steel survey was capturing a very modest push by service centers to take their […]