Economy
May 31, 2016
May 2016 at a Glance
Written by Brett Linton
SMU Price Momentum continues to reflect the strength of steel mills as we expect prices to continue to rise over the next 30 days. Our Price Momentum Indicator has been pointing toward higher prices since early December 2015 (6 months and counting).
Although our Steel Buyers Sentiment Index took a hit in May for both Current Sentiment (how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing market environment) and our Future Sentiment (three to six months out into the future), our three month moving average (3MMA) continues to trend higher, up +3 points from our April average.
