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
Read more from John PackardLatest in SMU Data and Models
Survey says: Tariff whiplash replay activated
If you’re feeling a sudden jerk and a case of tariff whiplash coming on, you’re not alone.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Steel Buyers’ Sentiment sinks to near pandemic levels
SMU’s Steel Buyers’ Sentiment Indices moved in opposing directions this week. Our Current Steel Buyers’ Sentiment Index sharply fell to one of the lowest levels recorded in five years, while Future Buyers’ Sentiment marginally improved.
SMU Survey: Mill lead times tick higher after late-May lows
All five of the averages for sheet and plate mill lead times tracked by SMU extended moderately this week, according to buyers responding to our latest market survey.
SMU Survey: Mills less negotiable on sheet prices, buyers say
Most steel buyers responding to our market survey this week reported that domestic mills are considerably less willing to talk price on sheet products than they were in recent weeks, but remain open to bargain on plate prices.