Final Thoughts
August 15, 2014
Final Thoughts
Written by John Packard
The Metal Service Center Institute (MSCI) reported shipment and inventory data to paid subscribers on Friday. The steel industry media will receive the data on Monday. Steel Market Update will produce a number of reports based on the MSCI data. We will have our normal shipment and inventories for the U.S. and Canada for our Executive members. We should have that up on the website by late A.M. or early in the P.M. on Monday and accessible to both our Executive and Premium members (it will also be published in our Tuesday evening newsletter).
Timna Tanners of Bank of America Merrill Lynch Research pointed out in a note to her clients that total steel inventories rose 2 percent month over month and 11 percent year over year and she expects inventories to continue to rise in August due to strong foreign steel imports. Timna will be one of our featured speakers at this year’s Steel Summit Conference as she teams up with John Anton of IHS Global Insight to provide steel and commodity forecasts and to discuss how consolidation may impact the steel industry. Our conference is now just slightly more than two weeks away (September 3 & 4).
