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    November 25, 2024

    SMU Steel Demand Index rallies

    Written by David Schollaert

    Steel Market Update’s Steel Demand Index recovered by nearly 10 points last week, though it still remains in contraction territory.

    The Steel Demand Index, compiled from our weekly survey data, now stands at 48, up from 38.5 at the beginning of November. The bounce puts the index back to one of its best readings since late August.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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