Economy
September 1, 2016
August 2016 at a Glance
Written by Brett Linton
During the month of August the SMU Price Momentum Indicator was adjusted from Neutral to Lower indicating our belief that flat rolled steel prices would continue to fall during the next 30 to 60 days.
Our hot rolled “average” for the month dropped from $618 measured during the month of July to $591 per ton at the end of the month. This was $1 lower than the CME settlement price and $9 lower than the Platts HRC average for the month.
