SMU Data and Models
June 8, 2019
SMU Market Trends: Demand, Imports in Question
Written by Tim Triplett
Steel Market Update data supports the widespread view that steel demand is unusually sluggish for this time of year. Nine out of 10 steel buyers responding to Steel Market Update’s market trends questionnaire this past week characterized demand as flat or declining. Only a small single-digit percentage see improving demand.
About 35 percent of the service center and OEM executives polled said they are experiencing declining demand, up from 25 percent a month ago. For the majority (56 percent), demand remains the same.
