Final Thoughts
July 15, 2021
Final Thoughts
Written by John Packard
Steel Market Update reported our service center inventories and shipment data to our data providers today. Our Premium level members will get the report at 1 p.m. ET tomorrow. I can whet your appetite by telling you that flat rolled inventories on a days of supply basis rose slightly, but are not yet at what we would consider a balanced state. On the other hand, steel plate inventories declined last month. Our data providers also receive information on the percentage of inventories that are committed to contract customers. This is quite important when considering how much material is available for the spot market. Over the past year the percentage of contract tonnage has increased. I believe this is another reason why spot prices continue to climb even as flat rolled inventories slowly grow.
If you are a service center/wholesaler who inventories flat rolled or plate products and you would like to get our full report, you can do so by becoming a confidential data provider. If you are interested, please contact Estelle.Tran@crugroup.com If you are an Executive newsletter subscriber and you would like to upgrade to a Premium account in order to receive the data and analysis that goes to our Premium members, please reach out to Paige@SteelMarketUpdate.com
