SMU Data and Models
June 21, 2017
SMU Apparent Excess/Deficit Forecast Nails Shipments/Deficit Shrinks
Written by John Packard
Last month Steel Market Update forecast steel shipments of carbon flat rolled would total 2,322,000 tons and, according to the MSCI data released last week, shipments were 3,319,000 tons. We missed the number by 3,000 tons…
Our forecast called for flat rolled inventories to total 4,344,000 tons at the end of May. We were off by 214,000 tons as inventories came in higher at 4,458,000 tons.
