SMU Data and Models
SMU Comparison Price Indices: Firm to Higher
Written by John Packard
November 24, 2013
Flat rolled steel prices continue to be firm to strengthening according to the steel indices followed by Steel Market Update. Benchmark hot rolled coil hovered around $670 per ton on all the indexes with the exception of Platts which moved their number up $5 per ton to $680 per ton.
Steel Orbis did not see any change in flat rolled steel pricing from their perspective while SMU picked up $5 to $15 per ton price adjustments based on our survey analysis and personal contacts with steel buyers. Our SMU Steel Price Momentum Indicator continues to point toward higher prices in the next 30 days.
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU Survey: Current Buyers’ Sentiment Index jumps, Future Sentiment slips
SMU’s Current Buyers’ Sentiment Index rocketed up this week, while the Future Buyers’ Sentiment Index edged down. The two indices are almost at parity.
SMU Survey: Mill lead times stretch to 10-month highs
Buyers responding to our latest market survey reported that steel mill lead times were stretching out this week for sheet and plate products tracked by SMU. The results weren’t much of a surprise. Production times have begun moving out following a wave of frenzied buying in response to stricter Section 232 announced by the Trump […]
SMU Survey: Mills slam door on buyers looking to talk price
Mills’ flexibility on price for spot orders has taken a nosedive to levels not seen since the end of March 2023.
SMU Survey: Steel Buyers’ Sentiment indicates increased optimism
After reaching multi-month lows in mid-January, SMU’s Steel Buyers’ Sentiment Indices rebounded this week to some of the highest readings recorded in months.
SMU Survey: Mill lead times fluctuate, extensions expected
While we have seen some movements in recent weeks, steel mill production times remain within a few days of the historical lows observed over the last two years, a trend observed since mid-2024.