SMU Data and Models
May 19, 2020
SMU Market Trends: Early Signs of Improving Demand
Written by Tim Triplett
Steel demand is showing early signs of strengthening, said manufacturing and service center executives during Steel Market Update’s canvass of the market May 11-14, as officials in various states begin to ease coronavirus restrictions allowing businesses to slowly reopen.
Half said demand for their products is stable or even improving, while the other half said demand is still declining. That’s a notable improvement from one month ago when 78 percent of those responding to SMU’s questionnaire reported declining demand for steel.
