Market Update | October 13th 2021

Flat rolled inventories reached their highest levels since July 2020. Decade-high surges in material on order, easing of mill order books, and normal seasonal shipment levels all helped increase inventory levels. Even coated service center inventories are back over 1.000 million tons for the first time since December. However, demand is still high as flat rolled consumption grew 31% year-over-year and reached its highest level since 2008.