SMU Survey Results: More Price Announcements & Have Prices Peaked?

Last week Steel Market Update (SMU) conducted our early February flat rolled steel market trends analysis which is just a long way of saying our survey. Our analysis began on Monday and ended on Thursday afternoon. We covered a large number of topics with manufacturing companies, service centers, steel trading companies, steel mills and suppliers to the industry responding.

We asked those responding to our request to participate in our trends analysis if, as a group (all respondents), they believe there would be more flat rolled price announcements between last week and the end of February. We found a slight majority are of the opinion that there would not be any more price announcements in February. Fifty-nine percent of our respondents did not believe there would be further announcements while forty-one percent thought announcements would come.