SMU Data and Models
April 19, 2020
SMU Survey: Steel Industry Demand Destruction
Written by John Packard
Last week, Steel Market Update conducted an analysis of the flat rolled and plate steel markets as we reached out to more than 500 individuals uniquely qualified to provide insights into these markets. What we found is an almost universal picture of a steel economy in a tailspin.
Through our steel survey, SMU has seen buyers and sellers of flat rolled and plate steels reporting declining demand in their business. Last week, 78 percent of the respondents reported demand as declining (see graphic below).
