Steel Products Prices North America
January 14, 2016
Keeping an Eye on Demand
Written by John Packard
Over the last two flat rolled steel market analysis performed by Steel Market Update (the last concluding this past Thursday, January 7th) we have seen a dramatic break in the overall (all participants included) demand trend. As you can see by the graphic provided, over the past two quarters we saw the rise and peak of those reporting that demand is declining. During the past six weeks we saw the percentage of respondents reporting declining demand move from 37 percent to 24 percent and this past week that number dropped to just 8 percent.
At the same time we are seeing an early move for those respondents who are reporting demand as improving which went from 10 percent to 13 percent and last week finished at 19 percent.
