SMU “Flash” Report: Distributor Inventories at 2.6 Months

With 66 percent of our service center data providers reporting, flat rolled inventories were modestly lower as of the end of April at 2.6 months of supply compared to March when inventories were at 2.7 months.

A large percentage (52 percent) of the companies reporting told SMU their number of months of supply for flat rolled declined as of the end of April compared to what was reported for the previous month. The remaining 48 percent was evenly split between those reporting higher inventories (24 percent) and those reporting their number of months of supply as being the same as the prior month (24 percent).