SMU Data and Models
January 2, 2014
A Look Back at December by the Numbers
Written by John Packard
SMU Price Momentum Indicator ended the month of December where it began, indicating higher flat rolled steel prices over the next 30 days. The domestic steel mills did not disappoint as they raised base price levels to $35.00/cwt on hot rolled and $40.50/cwt on cold rolled and coated (plus extras, FOB mill) for the mills east of the Rockies.
On the West Coast, California Steel Industries (CSI) and USS-POSCO Industries (UPI) came out with price announcements as well. The UPI announcement calls for hot rolled base price levels at $35.75/cwt, cold rolled at $40.00/cwt and galvanized at $42.50/cwt for March production.
