SMU Data and Models
January 21, 2015
SMU Service Center Apparent Excess/Deficit Forecast
Written by John Packard
Steel Market Update nailed (for lack of a better term…) our service center apparent excess shipment forecast which we provided to our Premium level members this past month. Based on an expectation that flat rolled carbon steel shipments would be up by 2 percent over total shipments for December 2013, we predicted shipments would be 1,968,000 tons and MSCI final December shipments actually totaled 2,005,000 tons.
We missed hitting the shipment number by 37,000 tons (our apologies, we will try to do better this month).
