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    July 19, 2015

    Comparison Price Indices: A Road to Nowhere?

    Written by John Packard

    Stability is perhaps the most frightening for steel buyers and sellers alike. At least there is an expectation of good times (or bad) when prices are moving on a weekly basis in one direction or the other. What we have seen since the middle of May is a slight “jiggle” as prices bounce up and down with no true direction or purpose. This past week did not see any breakout as SMU analyzed what was reported by the other steel price indexes that we follow on a regular basis.

    This past week the steel indexes followed by Steel Market Update continued to show prices as barely moving despite price increase announcements and a coated steel trade case.

    John Packard

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