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SMU Price Momentum Indicator Adjusted to Neutral from Higher
Steel Market Update (SMU) has adjusted our Price Momentum Indicator from Higher to Neutral. This means we see steel market pricing at this moment as either in transition or moving sideways over the next 30 days. With ferrous scrap prices now weakening, lead times shortening and all of the available capacity back in the market […] The post SMU Price Momentum Indicator Adjusted to Neutral from Higher appeared first on Steel Market Update.