SMU Survey Capturing Challenges in Demand

One of the key questions Steel Market Update is being asked is: what is the status of steel demand being seen by manufacturers and flat rolled steel service centers in the current market? This is an area we cover during our twice monthly trends analysis of flat rolled steel market. So, let’s take a moment to look at what our survey respondents had to say about demand for their products.

What we have been seeing is a steady slowdown in demand going back to early second quarter 2016. As we enter the fourth quarter it is normal for the industry to undergo seasonal challenges associated with the coming of winter and the Holidays in November and December and we are seeing that again this year.