SMU Data and Models
SC Flash Report: First View for June Sees Inventories Flat
Written by John Packard
July 5, 2018
The following report is normally provided to data providers and Premium level members of Steel Market Update:
Steel Market Update began collecting flat rolled and plate inventories information from our participating service centers beginning on Monday of this week. The following is our “Flash” report, which is derived from at least 50 percent of the respondents, and provides a snapshot of what we anticipate when we receive all of the data. The headline finding: inventories have remained essentially flat compared to May.
Flat Rolled Number of Months of Supply Unchanged
With 57 percent of the respondents reporting, flat rolled inventories are trending toward 2.7 months of supply, which is basically flat compared to the 2.66 months (rounded to 2.7) reported for the end of May.
Of the reporting distributors, 46 percent reported inventories as higher, 42 percent reported inventories as lower and 12 percent reported inventories as the same.
Plate Number of Months of Supply Saw Slight Rise in Inventories
With 56 percent of the registered plate providers reporting, the trend is for plate inventories to rise from 2.0 months at the end of May to 2.3 months now.
Of those reporting, 40 percent had higher inventories, 40 percent had lower inventories and 20 percent reported inventories as the same as the prior month.
Steel Market Update anticipates having the full report done early next week.
John Packard
Read more from John PackardLatest in SMU Data and Models
Apparent steel supply remained high in May
The volume of finished steel entering the US market remained elevated in May, in line with April figures, according to SMU’s analysis of Department of Commerce and American Iron and Steel Institute (AISI) data
June service center shipments and inventories report
Flat rolled = 55.8 shipping days of supply Plate = 59.4 shipping days of supply Flat rolled US service centers’ flat-rolled steel supply edged down in June with a modest boost to shipments month on month (m/m). At the end of June, US service centers carried 55.8 shipping days of flat roll supply, down from […]
SMU Scrap Survey: Sentiment Indices rise
Both current and future scrap sentiment jumped this month, though survey participants reported responses before key trade news was announced.
SMU Survey: Sentiment splits, buyers have better view of future than the present
SMU’s Steel Buyers’ Sentiment Indices moved in opposite directions this week. After rebounding from a near five-year low in late June, Current Sentiment slipped again. At the same time, Future Sentiment climbed to a four-month high. Both indices continue to show optimism among buyers about their company’s chances for success, but suggest there is less confidence in that optimism than earlier in the year.
SMU scrap market survey results now available
SMU’s ferrous scrap market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “ferrous scrap survey” results. Past scrap survey results are also available under that selection. If you need help accessing the survey results […]