SMU Data and Models
Steel Market Update Flat Rolled Price Assessments
Written by John Packard
May 6, 2013
When reviewing our flat rolled price assessments it is important to note that our opinion is the range is more important than the average. Our index is nothing more than the average of our high and low. Our SMU Price Momentum Indicator which is currently at “Lower” provides the trend we see in our price evaluations.
This past week our range on base thickness hot rolled coil was $560 to $600 per ton ($28.00/cwt-$30.00/cwt) with an average of $580 per ton ($29.00/cwt) fob mill, east of the Rockies.
Steel Market Update (SMU) will provide new price assessments on hot rolled, cold rolled, galvanized and Galvalume products on Tuesday evening. At that time we will also provide guidance regarding Momentum on each product.
Analyzing flat rolled steel prices and associated trends which impact pricing is part of what Steel Market Update does on a daily basis. If you would like to learn more about SMU – our newsletter, new website coming up in less than two months and our proprietary products – we encourage you to register for a free trial to our newsletter which you can do through our website (see button below this blog post). If you have already had a free trial and enjoyed what you saw we encourage your company to become a member which you can also do by clicking on the subscribe button. All first year members receive a 100% money back guarantee from SMU – If you don’t think our product provides value to you and your company you can cancel your membership and request all of your money be returned.
John Packard
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