SMU Data and Models
November – End of Month Data
Written by John Packard
December 1, 2013
After two months of sideways movement, November saw our SMU Pricing Momentum Indicator shift to reflect higher steel prices as the trend over the next 30 days. Our proprietary SMU Steel Buyers Sentiment Index remained within optimistic range of the index at +36.5. Sentiment was down one point from the prior month and three points compared to September.
SMU Flat rolled pricing saw our benchmark hot rolled coil end the month at $666 per ton as did the CRU.
Below is a look back at the month with many of our proprietary products and items of importance for the flat rolled steel market in North America.
John Packard
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August service center shipments and inventories report
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Apparent steel supply remains elevated in July
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HRC vs. prime scrap spread narrows slightly
The price spread between prime scrap and hot-rolled coil (HRC) narrowed by a hair this month, according to SMU’s most recent pricing data.
SMU Scrap Survey: Current Sentiment rises as Future Sentiment falls
SMU’s current Scrap sentiment index increased this month while future sentiment declined, according to our latest ferrous scrap survey data.
SMU scrap market survey results now available
SMU’s September ferrous scrap market survey results are now available on our website to all premium members.