SMU Data and Models

August at a Glance
Written by John Packard
September 2, 2014
The following is a recap of the data compiled during the month of August 2014. For the second month in a row our SMU Price Momentum Indicator remained at Neutral as steel prices have been relatively stable with the $673 average up $6 from the July average. However, by the end of the month our HRC price average was $665, down $2 from the July average. Our $673 per ton average for the month of August was $1 per ton higher than the $672 posted by CRU. Platts came in at $681 per ton average for the month.

John Packard
Read more from John PackardLatest in SMU Data and Models

Busheling and shredded tags drop, widening HRC vs. prime scrap spread
US scrap prices fell on busheling and shredded in October, while HMS remained flat, market sources told SMU.

SMU Survey: Lead times remain short
Steel mill lead times ticked lower across most sheet and plate products this week, according to responses from SMU’s latest market check.

SMU Survey: Mills more negotiable on spot orders
Mills are more willing to negotiate spot prices for both sheet and plate products, according to our latest market survey results.

September service center shipments and inventories report
September service center shipments and inventories report for sheet and plate

SMU Scrap Survey: Current and Future Sentiment tick down
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.