SMU Data and Models
October 1, 2019
SMU Analysis: Key Market Indicators Through September
Written by Peter Wright
The net situation changed little from August but the Treasury 10/2 yield spread became slightly positive on Sept. 27 and the SMU Steel Buyers Sentiment Index suffered a serious setback on Sept. 15.
This report is designed to be a big picture summary of data on which we have reported in detail during the month. In it we summarize 36 data streams that describe the state of the steel market and provide forward guidance for steel buyers and sellers. 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.
