SMU Data and Models
April 30, 2015
April 2015 Steel Data at a Glance
Written by John Packard
Today is the final day of April and, as is our habit, we will review much of the critical data reviewed or created during the month.
SMU Price Momentum Indicator remained at Neutral where it had been for the entire month. SMU has been forecasting a change in the momentum pushing prices from lower to either sideways or higher. Now that the domestic mills have announced price increases we will watch if the flow of orders improves and if it will result in higher prices from here.
