SMU Data and Models
May 30, 2015
May 2015 Steel Data at a Glance
Written by John Packard
We ended the month of April with the SMU Price Momentum Indicator at Neutral. As the month of May began, the domestic mills announced price increases and managed to move our needle to Higher. As the month ends, our Momentum Indicator continues to point toward higher domestic flat rolled steel prices over the next 30 days.
SMU Steel Buyers Sentiment Indices continues to be well ensconced within the optimistic range of our indexes (both Current Sentiment and Future Sentiment).
