Economy
October 1, 2015
End of Month Review: September 2015
Written by John Packard
We ended the month of September recognizing that not only have steel prices been falling but the Momentum behind pricing turned negative during the month. Our SMU Price Momentum Indicator is now pointing toward Lower prices to be seen in the coming month or longer.
Sentiment, another Key Market Indicator, has been dropping as you can clearly see in the table below. Our three month moving average dropped by 3.5 points which is a significant move for our 3MMA.Stee
