Economy
June 2, 2020
SMU's May At-a-Glance
Written by Brett Linton
Steel prices inched upwards during the month of May following price increase announcements by the mills, with the SMU hot rolled index reaching $500 per ton last week. Scrap prices increased over April, as did zinc and aluminum prices.
SMU Buyers Sentiment Index readings increased over April, with Current Sentiment coming back into positive territory and reaching +29 at the end of the month. Future Sentiment rebounded from +25 to +44, while the three-month moving average ended the month at +6.67 as of last Friday.
