SMU Data and Models
April 1, 2014
March at a Glance
Written by John Packard
Flat rolled steel pricing momentum reversed course due to the price increase announcement led by ArcelorMittal and followed by virtually all of the domestic and Canadian steel mills. We moved the SMU Price Momentum Indicator first to Neutral and then a week later to Higher in response to the increase announcements and the fact that the mills began collecting higher prices on flat rolled steels.
The SMU Steel Buyers Sentiment Index last measured in mid-March was +40 which is well within the optimistic range of our Index.
