SMU Data and Models
January 4, 2015
December 2014 Steel Data at a Glance
Written by John Packard
The following is an overview of some of the key steel data collected by Steel Market Update during the month of December 2014. This is separate from our Key Market Indicators which was produced for our Premium level subscribers (although shared with all of our readers on Friday of this past week).
Steel Market Update kept our Price Momentum Indicator pointing toward lower prices during the entire month. We saw benchmark hot rolled prices slip from $630 per ton reported during the last week of November to $600 per ton by the third week of December. Steel Market Update maintained our $600 mark this past week (as did Platts at their $605 number), but it should be noted that CRU dropped to $591 per ton.
