The real news coming out of this week’s flat rolled steel market trends analysis is the jump in the SMU Steel Buyers Sentiment Index when looking at the index as a single data point, as opposed to a three-month moving average, which is our preference. Measured as a single data point, the average among those […]
The month of October is now behind us and here are some of the key pieces of data either produced by or followed by Steel Market Update. As the month ended, our Price Momentum Indicator continues to point toward Neutral (meaning there is not a strong enough “push” to prices that will force them higher […]
Steel market indicators look good in the October data, but the trends took a turn for the worse. In the data released in October, our view of the present situation is that 47.2 percent of the 36 indicators are historically positive with only 19 percent negative. The balance are within the band of historically normal. […]
Twice per month, Steel Market Update conducts an analysis on the flat rolled steel market. Our focus is on pricing and price direction, demand, inventory management, international steel, buyers’ sentiment, service center spot price direction, mill lead times and negotiations, and more. We have been conducting our market analysis going back to late 2008. The […]
The Steel Market Update (SMU) Steel Buyers Sentiment Index market cycle appears to have bottomed as buyers and sellers of flat rolled steel were slightly more optimistic than what we collected at the beginning of the month. We measured the single data point for those responding to our flat rolled steel market trends questionnaire this […]
One of the questions we get regularly is what are steel buyers and sellers of steel saying about their business (demand) and inventory levels? Over this past week, Steel Market Update spoke with quite a few companies and asked them how they were seeing business and if their company was building flat rolled or steel […]
One of the questions we get regularly is what are steel buyers and sellers of steel saying about their business (demand) and inventory levels? Over this past week, Steel Market Update spoke with quite a few companies and asked them how they were seeing business and if their company was building flat rolled or steel […]
Buyers and sellers of flat rolled steel continue to be optimistic about their company’s ability to be successful in the current market environment as well as three to six months into the future. We are seeing signs of what has become a normal mild tapering of enthusiasm as we enter the fourth quarter of the […]
SMU Price Momentum Indicator is now at “lower,” meaning flat rolled steel spot prices are expected to move lower over the next 30 to 60 days. Steel prices have begun to retreat with benchmark hot rolled beginning the month at $630 per ton ($31.50/cwt) and ending the month down $20 to $610 per ton ($30.50/cwt). […]
Both Current and Future Sentiment showed a slight decline as a single data point in the latest SMU Steel Buyers Sentiment Index, based on data gathered in mid-September. The index measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful both in the current market environment, as well […]
Both current and future sentiment showed a slight improvement in the latest SMU Steel Buyers Sentiment Index, based on data gathered in early September. The index measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful both in the current market environment, as well as three to six […]
Steel Market Update (SMU) is releasing our SMU Steel Buyers Sentiment Index for mid-August. The Index measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful both in the current market environment, as well as three to six months into the future. Overall, our Indexes remains optimistic. However, […]
The SMU Steel Buyers Sentiment Index continues to represent buyers and sellers of flat rolled steel as being optimistic about their companies’ ability to be successful in both the current market environment as well as three to six months into the future. As a single data point collected by Steel Market Update as part of […]
Written by: John Packard, Founder, Steel Market Update Steel Market Update was incorporated and began selling subscriptions (memberships) of just our steel newsletter during August 2008. Today, we are celebrating our ninth birthday. I want to take a moment to thank our members and those who participate in our conference and workshops. I want to […]
Written by: John Packard, Founder, Steel Market Update Steel Market Update was incorporated and began selling subscriptions (memberships) of just our steel newsletter during August 2008. Today, we are celebrating our ninth birthday. I want to take a moment to thank our members and those who participate in our conference and workshops. I want to […]
As a monthly average, prices on all flat rolled steel products recovered in July following a dip in June. The month of July ended with SMU’s Price Momentum Indicator continuing to point higher as the market waits to see if and when the Trump administration will act on Section 232 trade measures that could further […]
I had to smile on Friday when Brett in my office forwarded an email to me from one of the steel mills. Here is part of what this mill executive had to say: “I occasionally write to John just to vent. It doesn’t help him, but it makes me feel better. Section 232 is the […]
Twice per month, Steel Market Update (SMU) conducts a detailed analysis of the flat rolled steel market. We invite 650 individuals representing approximately 625 different companies to participate by taking an online questionnaire. The questions cover a wide variety of topics that are germane to their unique industry segment. The two main groups asked to […]
The SMU Steel Buyers Sentiment Index has seen some erosion since peaking at +77 around March 1. However, buyers and sellers of flat rolled steel continue to be optimistic about the potential for their company to be successful in both the existing market and three to six months into the future. Buyers and sellers of […]
SMU Steel Buyers Sentiment Index has come off historical highs set during the late first and early second quarters 2017. However, buyers and sellers of flat rolled steel continue to be optimistic about the potential for their company to be successful in both the existing market as well as three to six months into the […]
We ended the month of June with a change in our Price Momentum Indicator from Neutral (we had moved from lower to Neutral earlier in the month) to Higher. With the expectation of Section 232 being implemented by President Trump, we feel prices have only one way to go, up. How long that will last […]
The sentiment among buyers and sellers of flat rolled steel remains largely positive, according to Steel Market Update’s latest steel market analysis, although it has dipped a bit in the past month as the industry awaits a ruling on Section 232 and whether the government will further restrict steel imports on the basis of national […]
About 65 percent of respondents to SMU’s June 5 Steel Buyers Sentiment Index questionnaire predict steel mills will not be able to collect the full $30 per ton flat rolled steel price increase announced last week, while just 35 percent believe the hike will stick. Nearly two out of three respondents, mostly service centers and […]
The sentiment among buyers and sellers of flat rolled steel remains largely positive, although concerns about the Section 232 investigation, the recent mill price hike and the coming summer slowdown have dampened the outlook for the market three to six months down the road, according to the latest SMU Steel Buyers Sentiment Index. As a […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. We now have three […]
The month of May saw flat rolled steel prices and our SMU Price Momentum Indicator take a turn and move lower. Benchmark hot rolled pricing was $625 during the first week of May and ended the month at $580 per ton. The HRC average for the month was $603 per ton, $6 per ton lower […]
Buyers and sellers of flat rolled steel are slightly less enthusiastic about how they view their company’s ability to be success both in the existing, or current market environment as well as three to six months out into the future. There is an uncertainty that is becoming an issue to business as companies who buy […]
Twice per month, Steel Market Update (SMU) conducts a review of how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing market (Current Sentiment) as well as three to six months out (Future Sentiment). Earlier today we crunched the data and found the flat rolled steel […]
An explanation of the Key Indicators concept is given at the end of this piece for those readers who are unfamiliar with it. This will explain the difference between our view of the present situation which is subjective and our analysis of trends which is based on the latest facts available. We now have two […]
The month of April began with SMU Price Momentum Indicator pointing toward higher prices and by the second week of the month we had moved our Indicator to Neutral which is where it is now as the month ends. Our 3MMA for the SMU Steel Buyers Sentiment Index appears to be peaking at +74. The […]