What is the CRU Index telling you about the steel market?
CRU INDEX
What is the CRU Index?
The CRU Index is an established price benchmark for U.S. Midwest Domestic Hot-Rolled Coil Steel. The CRU Index analyzes the supply and demand for steel and determines its price through process. CRU partners, which include steel mills, service centers, and manufacturers, report transactional information on a weekly basis.
Why is the CRU Index valuable?
The CRU Index is used by the entire steel supply chain. Mills and service centers use the CRU Index to manage their business when selling and purchasing steel. Investors use the CRU Index to track and predict steel’s performance in the market. Ultimately, the CRU Index is a tool for gaining insights into steel pricing and the market.
What should you do?
Understanding and following the CRU Index can provide greater clarity into steel’s supply and demand as well as steel market movements. Majestic’s CORE Report follows the CRU Index; along with other indicators every week to see where the market stands.
Source: BoydMetals.com
