SMU Data and Models
August 31, 2017
SMU Key Market Indicators Positive in August
Written by Peter Wright
Half of the 36 Key Steel Market Indicators released in August are historically positive, while only 19 percent are negative, and the balance fall within the normal range, in Steel Market Update’s view.
Along with May, when the data was about the same, this is the best outlook since we began our analysis in January 2010. Trends are still good with 70 percent of the key market indicators heading in a positive direction; this was down from 83 percent in March. Trends lead the present situation by about four months.
