SMU Data and Models
December 3, 2017
Key Market Indicators Improve in November
Written by Peter Wright
Steel Market Update’s steel market indicators show improved trends in the November data.
In our examination of data released in November, 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 is within the band of historically normal. The total of positive and normal has not changed in five months, something that has not previously happened in our eight-year history of this analysis. Trends improved with 72.2 percent of the indicators heading in a positive direction; this was up from 61.1 percent in October, but was the same as September. Trends lead the present situation by about four months.
