Steel Pricing Momentum

What is the Steel Pricing Momentum Indicator?

Using a directional arrow, we are indicating the current trend of flat-rolled and plate steel pricing out of the domestic steel mills. The indicator is based on data collected from industry buyers and sellers of flat-rolled steel products. Flat-rolled steel products include hot-rolled steel, cold-rolled steel, galvanized, and Galvalume steel in sheet and coil form. Plate products means discrete plate. The indicator is reviewed daily and adjusted based on our discussions with industry participants as well as our most recent survey data.

  • We represent this data as a visual used to depict the near-term pricing trend – an arrow pointing up means the trend is for higher prices, an arrow pointing sideways indicates stable pricing or a market in transition and an arrow pointing down indicates prices will trend lower.
  • Near-term pricing means during the next 30–60-day cycle.
  • The direction of the Price Momentum Indicator is determined through the Steel Market Update Market Survey and direct contact with steel buyers throughout the country. The Steel Market Update Market Survey is conducted every other week.
  • SMU Market Survey invitations are sent to approximately 500 companies throughout the United States and Canada. Our normal response rate is approximately 100-150 companies. Of those responding our average is approximately 40% are service centers/distribution companies, 45% are manufacturers and the balance are steel mills, trading companies, and toll processors which support the industry.
  • Steel Market Update does canvass those being invited to participate to confirm they are actively involved in the flat-rolled and plate steel businesses. Our list is updated at least once per month, and we are adding new companies on a continuous basis.