Late last week the Metal Service Center Institute (MSCI) released service center shipment and inventories data for the United States and Canada. We published both a general recap and a more complex analysis of the data in Thursday and Sunday issues of SMU.
Steel Market Update has a proprietary model that we apply against the MSCI data in order to determine whether flat rolled distributors’ inventories are in Apparent Excess or Deficit (or balanced). We then use a second model to project what we believe will happen during the next five months. the results of these models are shared every month with our Premium level members. Today we are going to share the data with everyone.
First, let’s look back to see how well we did with our forecast for November:
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