Business is good on holidays

The analytical service of “Metal Supply & Sales” Magazine continues publishing the “MSS-TM index” (Market Temperature). The value of this index is determined through expert surveys on a weekly basis.

The previous week was shortened due to holidays, but sales during these days went well. First of all, it was related to rebar, but also in the problematic sector of hot-rolled products there were shifts for the better. Consumer demand was also quite active. In particular, most experts do not see and do not forecast a decline in the market for medium-sized profile pipes.

Prices for steel products have reached relative stabilization. Negative trends prevail only for hot-rolled steel, but expectations in this sector are more or less even. Some experts predict the continuation of rebar price growth, although, unlike in previous weeks, such experts are now in the minority.

Positive tendencies in sales allowed to stop the decrease of the index "MSS-TM. Results" index, which lasted for four weeks. Its value for the last shortened working week from June 9 to June 11 added 1.02 p.p. to 51.83 points. At the same time, it has not fallen below 50 points since mid-March, which separates the observed growth from the decline.

In general, the situation on the market is characterized positively. The value of the index "MSS-TM. Expectations" for the current full working week from June 16 through June 20 added 1.03 p.p. to 53.41 points. For the last five weeks it is higher than the final one.

Recall that the participants of the expert survey are asked to assess the results of the past week and expectations for the next week on a ten-point system for medium-sized rebar A500C (12-16 mm), hot-rolled sheet St3 with thickness of 4-10 mm, medium-sized profile pipes (60x40 - 80x80) on the following parameters:

“Sales” (in monetary terms)
"Demand” (consumer, expressed in physical terms - by tonnage, number of requests)
"Warehouse stocks”
"Purchases” (by tonnage - rolled products from manufacturers for distributors)
"Costs” (for energy, labor, taxes, raw materials and other factors affecting the cost of production)
”Prices”

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