Steel Products
October 31, 2017
October 2017 from the Rearview Mirror
Written by John Packard
The month of October is now behind us and here are some of the key pieces of data either produced by or followed by Steel Market Update.
As the month ended, our Price Momentum Indicator continues to point toward Neutral (meaning there is not a strong enough “push” to prices that will force them higher or lower from here). We moved our Indicator to Neutral after the domestic mills announced price increases. Prior to that, our Indicator was pointing to lower pricing.
