Prices are moving up and lead times moving. And most people expect them to continue to do so for a little while longer, according to our latest survey results. But there is one big wildcard: the Iran war.
CRU Principal Analyst Shankhadeep Mukherjee expects a restocking cycle for steel sheet products in most parts of the world due to either low inventories or seasonally stronger demand.
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel sheet prices, demand, inventory, imports, and what people are talking about in the market. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your […]
Though steel prices continue to drop, more buyers are holding off on finalizing transactions.
US service center flat-rolled steel inventories spiked in July with a slowdown in shipments. At the end of July, service centers carried 56.1 shipping days of flat roll supply, according to adjusted SMU data.
Steel buyers continue to keep a close eye on prices and inventory levels as we head into the last four months of 2023.
On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, import offers, and inventory. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your thoughts, too! Contact david@steelmarketupdate.com to be included in […]
Zooming – sounds like a new drug, doesn’t it? We will be hosting another SMU Community Chat Webinar on Wednesday, April 22, at 11:00 a.m. ET (and I promise to hit the “start” button on time this week). Speaking with me will be Bernard Swiecki of the Center for Automotive Research (CAR). We will discuss […]
Earlier today I moved our Price Momentum Indicator to Lower from Neutral. I explained my reasoning in an article in tonight’s issue. What happens should one of the steel mills announce a price increase within the next couple of weeks? With scrap poised to move higher, and lead times being decent at most of the […]
A quick note to our Premium level and free trial subscribers: We have just published the results from this week’s flat rolled steel market trends analysis (survey) on our website. It is available to you once you have signed into the www.SteelMarketUpdate.com website. The power point presentation can be found under the analysis tab. A […]
Twice per month, Steel Market Update (SMU) conducts a detailed flat rolled steel market analysis. We do this by inviting approximately 600 companies, which have been vetted by our publisher to make sure they are legitimate buyers, sellers or executives involved with hot rolled, cold rolled, galvanized, Galvalume or plate products. We then send invitations […]
On Monday of this week, Steel Market Update (SMU) began our early March flat rolled steel market analysis. We sent invitations to just under 600 companies associated with the industry. Of the companies responding 44 percent were manufacturing companies (end users), 40 percent were steel service centers/wholesalers (distributors), trading companies represented 6 percent of the […]
On Monday, December 16th we began collecting data for our last Steel Market Update flat rolled steel market analysis. The way the system works is over the years Steel Market Update (SMU) has vetted a number of companies (many of whom John Packard did business with in the past). Our current list has approximately 600 […]