Final Thoughts

After communicating with one of our readers over the weekend, I realize it is important for our readers, and those who interact with our website, to understand what the SMU Price Momentum Indicator means.

The SMU Price Momentum Indicator definition on our website clearly states that this is meant to be a visual showing where Steel Market Update believes momentum is on flat rolled products. The indicator is based on data being collected from flat rolled (and plate) steel buyers and sellers and it is reviewed daily.  “We represent this data as a visual used to depict the near-term pricing trend – an arrow pointing up means the trend is for higher prices, an arrow pointing sideways indicates stable pricing or a market in transition, and an arrow pointing down indicates prices will trend lower. Near-term pricing means during the next 30-60 day cycle.”