Economy
SMU Service Center Inventories
Written by John Packard
March 25, 2013
Based on the results from our steel survey conducted this past week, service center inventories dropped to 2.09 months and have been declining over the past couple of months. Steel Market Update does not weigh larger service center results any differently than smaller service centers. We defer to the MSCI data as being more complete. However, we believe our survey will provide an early look at what you might expect to see in the next MSCI report. In the graph below, the MSCI data is based on inventories at the end of February. Our data is as of the week of March 18th.
John Packard
Read more from John PackardLatest in Economy
Architecture billings continue to slide in March
Architecture firms said billings continued to decline in March, according to the latest Architecture Billings Index (ABI) released by the American Institute of Architects (AIA) and Deltek.
Beige Book shows concerns about trade policy
Manufacturing was mixed, but two-thirds of districts said activity was little changed or had declined.
New York state manufacturing index drops again in April
Firms were pessimistic, with the future general business conditions index falling to its second lowest reading in the more than 20-year history of the survey
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them