SMU Data and Models
August 10, 2014
SMU Flat Rolled Steel Market Survey: Week Ending August 8th
Written by John Packard
Last week, Steel Market Update (SMU) conducted our early August flat rolled steel market survey. We emailed invitations to approximately 600 companies who are actively involved in either buying or selling flat rolled steels. This past week 45 percent of the respondents were from steel service centers, 43 percent were manufacturing companies, 7 percent were trading companies, 3 percent steel mills, 2 percent toll processors and we did not have any suppliers to the industry participate.
Our surveys begin with all participants as a group as they respond to general questions regarding Sentiment which resulted in the SMU Steel Buyers Sentiment Index setting a new historical high at +68. We reported on Sentiment in Thursday evening’s edition of Steel Market Update.
