SMU's June At-a-Glance

Steel prices rose in the beginning of June, following May price increase announcements by the mills, but began to decline in the middle of the month and reached $480 per ton as of this week. Scrap prices were flat to down over May, while zinc and aluminum prices increased in June.

SMU Buyers Sentiment Index readings increased over June, with Current Sentiment rising further into positive territory and reaching +39 at the end of the month. Future Sentiment ended the month at +45, while the three-month moving average reached +17.67 as of last Friday. Sentiment readings in the chart below are averages for the month.

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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