Economy
January 31, 2017
January at a Glance
Written by John Packard
Today is the last day in the month of January 2017. The following is our monthly review of key data collected by Steel Market Update during the month including a number of our own proprietary indices and indicators.
SMU Price Momentum is ending the month pointing toward higher prices ahead. We do admit that there have been questions raised as to whether we have seen the peak of the current pricing cycle but, even with a drop in our own flat rolled indices today, we have not yet moved our Indicator. We continue to advise steel buyers to be aware of the debate, of the potential for lower scrap prices in February and to remain aware of price offers in the marketplace by as many suppliers as possible.
