SMU Data and Models
February 28, 2018
Key Market Indicators Even More Positive in February
Written by Peter Wright
Key market indicators, and the trends they reveal, are the best they have ever been in Steel Market Update’s analysis. Data released in February shows that 18 of the 36 indicators are historically positive with only six negative. The balance is within the band of historically normal. Trends improved with 32 of the indicators heading in a positive direction, up from 22 in October and from 30 in January. Trends lead the present situation by about four months.
See the end of this piece for an explanation of the Key Indicators concept. This will explain the difference between our view of the present situation, which is subjective, and our analysis of trends, which is based on the latest facts available.
