SMU Data and Models
August 22, 2013
SMU Steel Buyers Sentiment Index Jumps to Highest Level This Year
Written by John Packard
Buyers and sellers of flat rolled steel expressed their growing optimism through our Steel Market Update (SMU) steel survey. The SMU Steel Buyers Sentiment Index registered +42 which is the highest level so far this year exceeding the previous high of +38 posted at the beginning of the month. Our index is now at the highest levels seen since January through March 2012 when we recorded Sentiment as ranging from a low of +43 to a high in the middle of January at +49, which continues to be the highest index recorded since SMU began measuring Sentiment in November 2008.
