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    Prices

    August 14, 2018

    SMU Price Ranges & Indices: Prices Move Lower

    Written by Brett Linton

    We saw flat rolled steel prices as being lower this week compared to one week ago. As we reported last week, we are seeing lead times shortening and the mills more active and willing to discuss price during their negotiations. The ArcelorMittal USA price announcement on cold rolled and coated products is not a sign of strength. If not for the Turkey tariff situation, SMU would be adjusting our Price Momentum Indicator to Lower from Nuetral this week. However, we want to understand the ramifications of the change in tariffs and to see if there may be a tightening of inventories if orders are cancelled or moved outside of the United States. Stay tuned, we will discuss our thoughts more as this week progresses.

    Here is how we see prices this week:

    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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