The meter reading measures the degree of optimism, pessimism or changing (neutral) attitudes steel buyers and sellers are feeling about their own company’s ability to be successful in the current economic conditions. Readings are taken every other week throughout the year.
Through the use of a directional arrow we are indicating the current trend of flat rolled pricing. The indicator is reviewed on a daily basis and adjusted based on information collected from buyers and sellers of flat rolled steel products. In our newsletter we follow the pricing trends by product – Hot Rolled, Cold Rolled, Galvanized and Galvalume.