Final Thoughts
March 11, 2021
Final Thoughts
Written by John Packard
Service centers reported lower shipments during the month of February partially due to the harsh winter weather associated with “Snowmageddon.” Steel Market Update’s proprietary service center inventories and shipments report indicated 42.7 days of flat rolled inventories, which is up from 40 days of supply on hand at the end of January. Plate inventories stood at 46.6 shipping days of supply, which is essentially unchanged from the previous month.
The most interesting statistic is the amount of inventory on order, with flat rolled seeing an increase of 9.3 days of supply at the end of February. According to SMU analysis, “As a percentage of inventory, flat rolled on order jumped to 135.1% in February from 120.9% in January.”
