SMU Data and Models
October 2, 2014
September at a Glance
Written by Brett Linton
One of the first things that we noticed when looking at the graph below is all of the “neutral” arrows (yellow arrows in SMU Pricing Momentum) going across the full spectrum of the table shown. We went back to see at what point did we move our Momentum to Neutral and found we made the change on June 30th and our HRC price on July 1st was $660 per ton. Our hot rolled coil price average for the month of September was $660 per ton. The average of the last three months (July, August and September) is $666 per ton.
SMU saw prices declining $13 per ton compared to the August average price.
