Analysis

November 7, 2013
Final Thoughts
Written by John Packard
Content to go here…
Analysis

November 7, 2013
Written by John Packard
Content to go here…
Plate market participants expect domestic producers to issue a $40-60 per short ton (st) price increase.
The Dodge Momentum Index (DMI) fell 6.2% in January to 272.7, retreating from December’s downwardly revised reading of 291.0, according to the latest data released by Dodge Construction Network.
SMU’s Current Sentiment Index for scrap jumped again in February, according to the latest data from our ferrous scrap survey. And the Future Sentiment Index remained the same for the third consecutive month.
Former smelter sites have become increasingly attractive to data center developers competing for electricity to support AI.
SMU’s Steel Buyers’ Sentiment Indices both edged lower this week following the multi-month highs set in mid-January.