SMU Data and Models
August 18, 2017
Distributors Flat Rolled Deficit to be Eliminated by End of August
Written by John Packard
The Steel Market Update (SMU) Service Center Inventories Apparent Excess/Deficit forecast provided last month showed that the deficit in inventories being held by flat rolled distributors would shrink. We have worked with the MSCI carbon flat rolled shipment and inventory data and our model indicates the deficit did indeed shrink and is very close to our forecast.
The MSCI reported carbon flat rolled shipments at 1,991,000 tons. This is 20,000 tons more than our forecast of 1,971,000 tons.
