Steel Products
February 22, 2013
SMU Steel Buyers Sentiment Index Finds Industry Slightly Less Optimistic
Written by John Packard
Steel Market Update (SMU) conducted our mid-February steel survey beginning on Monday and concluding on Thursday afternoon of this week. We invited approximately 685 active participants (buyers, sellers or executives) involved in the flat rolled steel segment of the industry to respond to our questions regarding market trends, pricing and Sentiment.
SMU Steel Buyers Sentiment Index was measured at +22 this week, down 5 points from the +27 we reported at the beginning of the month. Our Sentiment Index is finding the flat rolled steel community as being slightly less optimistic – but still in the optimistic range of our index. The monthly average is +24.5, a half point higher than the monthly average of January 2013.
