SMU Data and Models
May 10, 2018
SMU “Flash” Report: Distributor Inventories at 2.6 Months
Written by John Packard
Steel Market Update began working with a large group of flat rolled and plate steel service centers last July regarding producing a new index for distributor inventories. Our initial concentration has been to collect the number of months of supply steel distrubutors were averaging as of the end of the month. Earlier this week, we provided our “Flash” Report on inventories to our Premium level members. In the next few days we will provide our Premium members with our full analysis. Here is what we reported in our “Flash” Report:
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.
