SMU Data and Models
October 18, 2017
Service Centers Carbon Flat Rolled Inventories Balanced for 2nd Month
Written by John Packard
Steel Market Update (SMU) has a proprietary model that analyzes the Metals Service Center Institute (MSCI) carbon flat rolled shipment and inventory data, from which we calculate whether distributor inventories are in Excess/Balance/Deficit. We ended the month of August with steel service center inventories as essentially balanced (-26,000 tons). The month of September saw a mild rise in inventories (which we had correctly forecast), and for the second month, based on our model, inventories are again essentially balanced with a slight excess of +68,000 tons.
How Accurate Was Our Forecast?
