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    Market Data

    March 1, 2018

    February 2018 at a Glance

    Written by Brett Linton

    There were no surprises in this month’s data as our SMU Price Momentum continued to reflect higher steel prices, and that expectation continues over the next 30 to 60 days. Our SMU Steel Buyers Sentiment Index is at, or very near, all-time highs for our index. Buyers and sellers of flat rolled steel are optimistic about their company’s ability to be successful in the current market situation, as well as three to six months into the future.

    Prices rose over the past 28 days with benchmark hot rolled ending the month at $790 per ton. This is the highest average HRC price seen since May 2011 (which at the time was crashing from the all-time high of $1,070 per ton). Our index average at $751 per ton was $11 per ton higher than that of the CME HRC settlement price for the month, but $5 per ton lower than Platts.

    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.

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