Dow Jones US Steel Price Index: An Early Warning?

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MetalMiner’s monthly Raw Steels MMI® – tracking finished steel and raw material prices across global markets – remained flat in February at 87 points.

Although steel prices have been rising since June 2013, they are still far from reaching their 2011 levels. We have remained a bit skeptical of this last uptrend, as we commented in previous MMI reports, when steel prices were losing momentum. It is too early to call for lower steel prices until we see prices going down, but we certainly don’t expect steel prices to go much higher.

Why? We look to the Dow Jones US Steel Index, among other things…