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
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SMU Scrap Survey: Sentiment indices slip in August
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SMU scrap market survey results now available
SMU’s August ferrous scrap market survey results are now available on our website to all premium members.