SMU Data and Models
December 22, 2013
Key Price Driver Over Next 90 Days: Foreign Steel
Written by John Packard
Last week Steel Market Update invited approximately 600 companies to participate in our mid-December 2013 flat rolled steel market survey. Of the companies responding this past week, 49 percent were manufacturing companies, 39 percent were service centers/wholesalers, 4 percent trading companies, 3 percent steel mills, 3 percent toll processors and 2 percent suppliers to the industry. The survey invitation list is intentionally heavily weighted toward manufacturing companies and distributors.
The survey began prior to the U.S. Steel price announcement which was made on Monday, December 16th in the amount of $20 per ton.
