August 2016 at a Glance

During the month of August the SMU Price Momentum Indicator was adjusted from Neutral to Lower indicating our belief that flat rolled steel prices would continue to fall during the next 30 to 60 days.

Our hot rolled “average” for the month dropped from $618 measured during the month of July to $591 per ton at the end of the month. This was $1 lower than the CME settlement price and $9 lower than the Platts HRC average for the month.

Zinc

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Brett Linton

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