SMU Data and Models
Steel Buyers Survey: Prices Will Move Sideways by February
Written by John Packard
January 12, 2014
The majority of flat rolled steel buyers and sellers taking our most recent Steel Market Update (SMU) survey are reporting that they expect that domestic steel mills will be able to collect their most recent price increase within the first two full weeks of January.
According to our survey results, 54 percent of those responding to last week’s survey believe the domestic steel mills will be able to collect the most recent $20 per ton ($700 per ton hot rolled and $40.50/cwt minimum base prices on cold rolled and coated plus extras).
Those responding to the survey were not quite as optimistic that prices would move higher by the time we reach the beginning of February. The majority of the respondents (53 percent) believe prices will remain the same while 36 percent are of the opinion there is room for prices to move higher. Only 11 percent believe prices will move lower by the time we reach the beginning of February.
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU price ranges: Plate flat as sheet inches higher
SMU’s steel price indices were steady to higher this week. Each of our sheet indices crept upwards from last week, while our plate index was unchanged.
SMU Steel Demand Index suggests further demand contraction
Steel Market Update’s Steel Demand Index ticked back seven points last week, falling further into contraction territory.
August service center shipments and inventories report
Flat rolled = 66.3 shipping days of supply Plate = 57.0 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers grew further in August. The dynamic resulted from some Q3 restocking efforts at a perceived market bottom, met with shorter lead times and weaker demand. At the end of August, service […]
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU survey: Steel Buyers’ Sentiment Indices decline again
Following significant recoveries in late August, SMU’s Steel Buyers’ Sentiment Indices tumbled this week.