Steel Products Prices North America
April 13, 2017
Flat Rolled Steel Market "Sloppy"
Written by John Packard
Steel Market Update is asked many times where we think flat rolled steel prices are heading. Our current SMU Price Momentum Indicator is at “Neutral” which means we believe the market to be in transition and, prices could move in either direction from this point. We adjusted our indicator just recently from Higher to Neutral as we have been finding the market a bit “sloppy” for lack of a more precise term.
Evidence of the “sloppy” nature of the market can be seen in the data we have been collecting in our flat rolled steel market trends analysis that we perform twice per month. History has shown us we can have radical changes in direction and they can happen very quickly based on a wide range of factors. But right now we are seeing our data moving about without a clear picture of direction.
