SMU Data and Models
October 31, 2017
Key Market Indicators: Changing Trends?
Written by Peter Wright
Steel market indicators look good in the October data, but the trends took a turn for the worse.
In the data released in October, our view of the present situation is that 47.2 percent of the 36 indicators are historically positive with only 19 percent negative. The balance are within the band of historically normal. The total of positive and normal has not changed in four months, though there was a decrease of one positive in the October data. Trends deteriorated with 61 percent of the indicators heading in a positive direction; this was down from 72 percent in September and 83 percent in March. Trends lead the present situation by about four months.
