Service Centers
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/media/k2/items/src/446f4fe6ef4f25b5f1cbd0e741da76b3.jpg)
Service Center Inventories Rising
Written by John Packard
January 13, 2014
One of the interesting points brought out in the most recent flat rolled steel survey is distributors inventories are rising. According to the results from last week’s survey steel inventories rose to their highest levels since January 2013 and now stand at 2.35 months.
MSCI data is due out later this week and SMU is forecasting that our Apparent Deficit of -58,000 tons will move into excess when the new data is released. Our forecast is for flat rolled inventories to move into an Apparent Excess of +150,000 tons (December MSCI) and +241,000 tons by the end of January before dropping back at the end of February. The link we have provided at the beginning of this paragraph takes you back to our original article and forecast. We will revise our forecast once the new MSCI data is revealed.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/04/john-packard.png)
John Packard
Read more from John PackardLatest in Service Centers
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/balance.png)
SEC settles with Esmark, Bouchard over ‘false’ $7.8B offer for USS
The US Securities and Exchange Commission said it has settled charges with Esmark and company founder Esmark James P. Bouchard regarding a tender offer for U.S. Steel last year.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2023/11/SMU-Steel-Summit.png)
Steel Summit 2024: Service centers talk inventories, mill consolidation
SMU Senior Analyst and Editor David Schollaert sat down with leading steel service center executives at the SMU Steel Summit 2024 in Atlanta to discuss the issues affecting the industry.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/2024/08/Flag_of_Mexico.png)
Aceromex installs new Andritz CTL line in Mexico
Mexican service center Aceromex has installed a new cut-to-length line in its facility in Cienega de Flores in the state of Nuevo Leon.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/HARDI.png)
Get your muck boots out: Galv buyers see ‘swampy’ steel market continuing
Swampy. Sticky. Mushy. Murky. These were all words galvanized buyers used this week to describe the current state of the US steel market.
![](https://www.steelmarketupdate.com/wp-content/uploads/sites/2/images/Featured_News_Icons/Mill_Steel.png)
Mill Steel taps Hauncher for CFO
Mill Steel Co., a supplier of flat-rolled steel and aluminum products, has named Scott Hauncher as chief financial officer.