Final Thoughts
February 20, 2019
Final Thoughts
Written by John Packard
A few weeks back I was having a conversation with the head of commercial for one of the domestic steel mills. The conversation centered around the influence Steel Market Update was having on their order book. In particular, the discussion focused on the SMU Price Momentum Indicator. I was told when our indicator moves to higher, it can have a dramatic impact on that mill’s order book.
I don’t know how accurate that statement was, or might be, this week with the change we just made with our Price Momentum Indicator. I intentionally try not to be “early” in pegging momentum. I believe the market needs to sort itself out without SMU giving it any kind of extra push in one direction or another.
