SMU Data and Models
July 22, 2015
SMU Forecasting Apparent Excess to Drop in July
Written by John Packard
Last month, Steel Market Update forecast that June steel service center shipments of flat rolled steel would total 2,430,000 tons. The actual number, according to MSCI data, came in at 2,339,000 tons or 91,000 tons fewer than our forecast.
The daily shipment rate for June, which is more accurate than keeping tabs on total month shipments as the number of days will vary from month to month and year to year, was 106,300 tons. This is 7.6 percent lower than the 115,000 tons per day seen last June.
