SMU Data and Models
April 30, 2018
SMU Analysis: Key Market Indicators Weakening?
Written by Peter Wright
Key market indicators tracked by Steel Market Update are at an all-time high for April but have shown signs of weakening in the past few months.
Data released in April shows that 18 of the 36 indicators are historically positive with only 5 negative. The balance is within the historically normal band. Trends took a step back falling from 32 positive in February to 28 positive in March and 26 positive in April. Trends lead the present situation by about four months.
