SMU “Flash” Report: Distributor Inventories Dip to 2.6 Months

So far this month, Steel Market Update has had a strong response rate from the service centers registered as inventories data providers. As of this afternoon, we had 79 percent of the steel service center data providers respond to our inquiry about their flat rolled and plate steel inventories.

The headline number is flat rolled inventories dropped, although not as radically as some might have been thinking. At the end of February, steel distributors were averaging 2.8 months of supply on their floors. According to our Flash analysis, SMU is seeing inventories dropping to 2.6 months of supply.