SMU Data and Models
May 18, 2015
May Distributor Apparent Excess Rises to 692,000 Tons
Written by John Packard
Last month Steel Market Update (SMU) forecast flat shipments for the month of April. We believed at that time that the U.S. flat rolled steel service centers would ship 108,600 tons per day or total flat rolled shipments of 2,389,200.
According to the Metal Service Center Institute (MSCI), which released shipment and inventory data for April this past week it was not to be as they reported distributors shipping 2,266,100 tons at an average of 103,000 tons per day.
