Analysis
May 14, 2023
Written by Michael Cowden
The drop in sheet prices we’ve seen at the mill level is now spreading downstream – an abrupt shift from just a few weeks ago, according to our latest survey data.
More and more service centers are cutting prices. I had expected to see an increase in the number of service centers reporting that they were lowering prices. I did not expect to see such a big jump so suddenly.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
Steel mill lead times continued to expand for sheet and plate products this week, according to buyers responding to our latest market survey.