Market Data
October 15, 2024
September service center shipments and inventories report
Written by David Schollaert
Flat rolled = 60.8 shipping days of supply
Plate = 52.7 shipping days of supply
Latest in Market Data
AISI: US production retreats after early September surge
Domestic raw steel output fell to a six-month low last week after hitting a multi-year high one week earlier, according to the latest American Iron and Steel Institute (AISI) figures.
Drilling activity rises further in US, declines in Canada
Drilling activity increased in the US this week but declined in Canada, according to active oil and gas rig count figures recently released from Baker Hughes. The US rig count rose by four to 595 rigs this week, now at the highest level recorded in over two years. Canadian counts eased to a 10-week low of 197 this week, down 10 rigs from the prior week.
SMU flat-rolled market survey results now available
The results of the latest SMU flat-rolled market survey are now available on our website to all premium members.
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Steel mill lead times extended for sheet and plate products this week, according to buyers responding to our latest market survey. Production times have been historically long for most of the summer.
August service center shipments and inventories report
US service centers’ flat-rolled steel supply declined in August, making the marginal gain the month prior an outlier year-to-date. Shipping days of supply slipped to 44.2 in August, according to SMU data.