SMU Data and Models
November 1, 2015
October at a Glance
Written by John Packard
October was the second month in a row where SMU had our Pricing Momentum Indicator pointing toward lower pricing. SMU reports hot rolled coil, cold rolled, galvanized and Galvalume pricing every Tuesday evening. During October we produced our steel prices indices four times. HRC was reported at $420 per ton the first Tuesday of the month and by the last Tuesday had slipped $30 per ton to $390 per ton.
Other flat rolled products saw their prices slip in similar fashion to hot rolled coil.
