Category: SMU Data and Models

This week’s survey showed steel mill lead times extending across all product lines tracked by SMU.

Steel prices continued to decline last month – a trend we’ve seen repeated since mid-April.

The latest SMU Market Survey results are now available on our website to all Premium members.

SMU's Current and Future Steel Buyers Sentiment Indices both increased this week despite the United Auto Workers (UAW) union strike expansion, based on our most recent survey data.

While lead times for sheet again had mixed movements this week, those for plate collapsed, according to SMU’s most recent market survey.

US hot-rolled coil (HRC) prices fell further relative to imported product this week. Domestic hot band remains cheaper than offshore HRC as US tags continue to sink at a sharper rate than those overseas.

Flat Rolled = 54.1 Shipping Days of Supply Plate = 61.2 Shipping Days of Supply Flat Rolled US service center flat-rolled steel inventories eased back in August with stronger shipments. At the end of August, service centers carried 54.1 shipping days of supply, according to adjusted SMU data, down from 56.1 shipping days of supply […]

Steel Market Update’s Steel Demand Index remains in contraction territory despite marginal improvement, according to our latest survey data.

The spread between hot-rolled coil (HRC) and galvanized sheet base prices widened throughout the summer as hot rolled prices declined faster than those of galvanized.

The spread between hot-rolled coil (HRC) and prime scrap prices continued to narrow this month, according to Steel Market Update’s most recent pricing data.

SMU's Current and Future Steel Buyers Sentiment Indices both ticked up this week before the United Auto Workers (UAW) union strike was declared, based on our most recent survey data.

he latest SMU Market Survey results are now available on our website to all Premium members.

The overall steel mill negotiation rate jumped 14 percentage points this week vs. the last market check, with plate's rate rising by eight percentage points, according to SMU's most recent survey data.

Steel mill lead times were basically flat again this week compared to our previous market check, with production times shrinking slightly for hot rolled and cold rolled, and extending for galvanized, Galvalume, and plate.

US apparent steel supply declined 2% in July to 8.28 million net tons compared to the previous month, according to data from the US Department of Commerce and the American Iron and Steel Institute (AISI). 

Steel prices kept falling throughout last month. Hot-rolled coil (HRC) prices ended August at $725 per ton ($36.25 per cwt) on average, having fallen by $105 per ton during the month.

Steel Market Update’s Demand Index is still in contracting territory and moving lower, where it has been for the better part of the past four-plus months, according to the latest survey data.

The latest SMU 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 “Latest Survey Results.” Historical survey results are also available under that selection. If you need help accessing the survey results, or if […]

Steel mill lead times were largely unchanged this week, with hot rolled extending slightly and plate falling back marginally.

SMU's Current and Future Steel Buyers Sentiment Indices both edged down this week, based on our most recent survey data.

The overall mill negotiation rate slipped this week, though plate jumped, rising by 25 percentage points, according to SMU's most recent survey data.

This year, the 13th annual edition of our Summit, we polled more than 1,450 attendees about where prices and demand would be, come August 2024.

Steel Market Update’s Demand Index remains in contracting territory, where it has been for most of the last four months, according to the latest survey data. While the market did react temporarily in response to mill price hikes in mid-June, apparent demand for flat-rolled steel in the US continues to trend down.

The latest SMU Market Survey results are now available on our website to all Premium members.

SMU's Current Sentiment Index slipped this week, while the Future Steel Buyers Sentiment Index jumped 10 points from the last market check, according to our most recent survey data.

US service center flat-rolled steel inventories spiked in July with a slowdown in shipments. At the end of July, service centers carried 56.1 shipping days of flat roll supply, according to adjusted SMU data.

SMU senior analyst David Schollert provides an overview of steel market indicators for the month of July.

Steel Market Update’s Demand Index has now been contracting territory for the better part of the past 3-plus months, according to the latest survey data.

On Monday and Tuesday of this week, SMU polled steel buyers on a variety of subjects, including steel prices, demand levels, import offers, and inventory. Rather than summarizing the comments we received, we are sharing some of them in each buyer’s own words. We want to hear your thoughts, too! Contact david@steelmarketupdate.com to be included in […]

he latest SMU Market Survey results are now available on our website to all Premium members.