For steel service centers, inventory management is the lifeblood of the business. Overstocking steel adds unnecessary cost while stocking too little steel results in missed sales, back orders and unhappy customers. To gauge whether companies have the right amount of material on hand, service center purchasing managers need a reliable benchmark to compare their stock levels against their peers.
Steel Market Update (SMU) surveys key data providers each month to gather the latest information on steel sheet and plate inventories, available here to SMU Premium members. Data providers receive an enhanced version of the SMU Service Center Inventories Report that includes exclusive on-order data.