Steel Products
December in Review
Written by John Packard
January 2, 2013
The month of December was best illustrated by the SMU Price Momentum Indicator which spent the entire month stuck in Neutral as flat rolled spot prices essentially moved sideways through the month. Whether using our index or the CRU price assessments, the monthly average on hot rolled was very close to where prices were measured as the month began.
Scrap prices moved sideways (rolled over from November) as negotiations concluded for the month of December.
Commodity prices – zinc, aluminum and iron ore all moved higher during the month of December.
John Packard
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