Analysis
Final Thoughts
Written by John Packard
April 15, 2016
This week’s newsletters may seem a little “muted” compared to the past, this is due to my right hand man – Brett Linton – being on vacation. Brett is the one responsible for keeping track of all of the data points and graphics in both the newsletter and website. He is also responsible for crunching many of the data points we collect out of our surveys and other proprietary products we have. Brett will be back next weekend so please bear with us as we push on without his talents adding the explanation points to our articles.
There will be a larger than normal Premium supplemental issue of our newsletter first thing tomorrow morning. The issue will include extra analysis of the service center inventories and shipment data including our Apparent Excess forecast.
We will begin our next flat rolled steel survey first thing in the morning as well. If you receive an invitation to participate please take a few moments to click on the button to go to our questionnaire.
As always your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Analysis
SMU Survey: Mills less negotiable on spot prices
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet and plate products than they were in recent weeks.
SMU Survey: Lead times tick higher
Steel mill lead times marginally extended for both sheet and plate products this week, according to responses from SMU’s latest market survey.
North American auto assemblies slipped in September
North American auto assemblies declined in September, down 5.1% vs. August. And assemblies were also down 1% year on year.
Final Thoughts
SMU’s hot-rolled coil price increased for a third consecutive week. And the gains were more pronounced this time following a price hike initiated on Friday by NLMK USA.
Final Thoughts
SMU digs into the vault to look back at an old survey, and to tell what exciting things are still to come.