International Steel Prices
February 21, 2016
SMU Survey: New Foreign Steel Orders
Written by John Packard
One of the questions being asked in the marketplace is how much foreign steel is being ordered and will there be a flood of imports as we move into the months of May and June. There is a portion of the market who believe there will be a flood while others are of the opinion import levels will remain relatively muted as we move into late spring and the summer months.
We are going to address this subject in a couple of ways this week. First, we are going to share a portion of the data we have been collecting through our flat rolled market trends analysis which we conduct twice per month. Second, we are going to speak with a number of traders this week to see if they are seeing a rise in orders and what their expectations are for imports during the aforementioned time frame.
