Tag: Mill Order Index

SMU’s Mill Order Index (MOI) surged in September, up for a fifth consecutive month and setting a record high. The increase came as service center on-order volumes and new mill order entries reached record highs—overtaking any prior high-water mark—including the post-pandemic snapback in demand, according to SMU’s latest service center inventory data. The MOI now stands at 162.7, up nearly 18% from 138.3 in August. The MOI was more than 35% above the average year-to-date (YTD) reading of 120.3, and up more than 100% year-on-year (y/y). Results suggest inventories remain uncomfortably lean as service centers try to restock in a market where spot tons are scarce, and contract tons are delayed. September intake surged by more than 21% month over month (m/m), exceeding outbound shipments by 15%. The result: service center inventories remained down more than 14% YTD vs. the same period a year earlier, even as shipments were ~3% higher.

SMU’s Mill Order Index (MOI) accelerated in August for a fourth consecutive month, reaching its strongest reading in nearly five years.

SMU’s Mill Order Index (MOI) grew further in July, up for a third straight month. The result came as service center on-order volumes and new order entries accelerated, according to our latest service center inventories data.

SMU’s Mill Order Index 2continued to expand in June. The result came as service center on-order volumes and new order entries continue to rise, according to our latest service center inventories data.

SMU’s Mill Order Index recovered in May, reclaiming some momentum lost the month prior.

SMU’s Mill Order Index (MOI) eased marginally in April, losing some momentum after moving higher in March.

SMU’s Mill Order Index (MOI) recovered in March, gaining some momentum after a marginal decline in February.

SMU’s Mill Order Index (MOI) eased in February. The result came as a marginal increase in service center intake levels was offset by higher shipments, according to our latest service center inventories data.

SMU’s Mill Order Index (MOI) rose again in January, maintaining momentum from the month prior. The increase came as service center intake levels ticked up, supported by a jump in shipments, according to our latest service center inventories data.

SMU’s Mill Order Index (MOI) declined in November after surging the month prior. The fall came as service center intake levels sharply declined, supported by a cut in shipments, according to our latest service center inventories data.

SMU’s Mill Order Index (MOI) surged in October after a notable decline the month prior. The recovery came as service center on order inventory totals picked up, supported by a slight uptick in shipments, according to our latest service center inventories data.

SMU’s Mill Order Index declined in September after repeated gains from June through August. The shift came as service center shipping rates and inventories fell.

SMU’s Mill Order Index (MOI) moved higher in July after rebounding the month prior. The shift comes after mill orders declined from March through May.

SMU’s Mill Order Index (MOI) rebounded in June after declining for three straight months. The gain complemented a modest boost in service center shipments for the month, according to our latest service center inventories data.

SMU’s Mill Order Index (MOI) declined for a third straight month in May, but only marginally.