SMU Data and Models
May 23, 2017
SMU Service Center Apparent Deficit Expected to Peak in May
Written by John Packard
A number of the Steel Market Update prognostications for service center inventories and shipments came true (well, almost).
We forecast daily shipments would rise on a tons per day basis to 108,400 tons per day. In actuality they rose to 111,100 tons per day. Since April 2017 only had 19 shipping days (according to MSCI) our forecast for total monthly shipments 2,169,000 tons was close to the actual MSCI number of 2,111,000 tons. We correctly forecast shipments to drop from the 2,455,000 tons reported by the MSCI at the end of March.
