President Trump’s controversial decision to impose a steep tariff on steel imports has clearly unsettled the market and taken a toll on the attitude of many steel buyers. Both current and future sentiment among flat rolled steel buyers declined significantly in the last two weeks, according to the latest Steel Market Update Steel Buyers Sentiment […]
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 […]
Current and future sentiment among flat rolled steel buyers showed a slight dip this month, due in part to the uncertainty over possible government trade action against imports. Viewed as a three-month moving average, however, industry optimism remains near record highs, according to the latest Steel Market Update Steel Buyers Sentiment Index. The index measures […]
Current and future sentiment among flat rolled steel buyers remains at or near record highs, according to the latest Steel Market Update Steel Buyers Sentiment Index. The index measures changes in buyers’ optimism levels, which offers insight into their likely decision-making. Three out of four respondents to SMU’s flat rolled market trends questionnaire this week […]
Industry data through the end January, including drivers of steel prices, supply and demand, are all pointing up as the year got off to a strong start. As the month ended, the Steel Market Update (SMU) Price Momentum indicator was pointing to higher flat rolled steel prices over the next 30 to 60 days as […]
Current and future sentiment among flat rolled steel buyers has rarely been higher, according to the latest Steel Market Update Steel Buyers Sentiment Index. The index measures changes in buyers’ optimism levels, which offers insight into their likely decision-making. Nearly eight out of 10 respondents to SMU’s flat rolled steel questionnaire say their company’s chances […]
Current and future sentiment among flat rolled steel buyers remains high as the New Year begins, much the same as at this time last year, according to the Steel Market Update Steel Buyers Sentiment Index. The SMU Steel Buyers Sentiment Index measures changes in buyers’ optimism levels, which offers insight into their likely decision-making. Three […]
The following industry data, current through the end of the month of December 2017, covers a number of important indices and drivers of steel prices, as well as supply and demand. As the month ended, the Steel Market Update (SMU) Price Momentum indicator was referencing higher flat rolled steel prices over the next 30 to […]
Current and future sentiment among flat rolled steel buyers improved further in December, according to the Steel Market Update Steel Buyers Sentiment Index, mirroring the pattern at this time last year that heralded a strong first quarter. The SMU Steel Buyers Sentiment Index measures changes in buyers’ optimism levels, which offers insight into their likely […]
Current and future sentiment among flat rolled steel buyers ticked up a bit in the past two weeks, according to the Steel Market Update Steel Buyers Sentiment Index. The same pattern started to appear at this time last year, leading into a strong first quarter. The SMU Steel Buyers Sentiment Index measures changes in buyers’ […]
Twice per month, Steel Market Update (SMU) conducts an analysis of the flat rolled steel market and the trends that affect pricing, demand, etc. Each analysis is conducted via an email invitation to complete a questionnaire. SMU invites approximately 650 individuals who are active participants in the manufacturing, distribution, toll processing, trading and steel mill […]
Despite all the uncertainty regarding possible trade action and steel prices, the Steel Market Update Steel Buyers Sentiment Index is holding steady, and at a higher level than last year. Steel buyers’ sentiment appears to have bottomed out in October and November and, in Steel Market Update’s opinion, is poised to pick up along with […]
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 […]