SMU Data and Models
September 5, 2013
SMU Steel Buyers Sentiment Index at +39
Written by John Packard
Sentiment Continues to Trend Higher (more optimistic)
Steel Market Update (SMU) Steel Buyers Sentiment Index was measured earlier today at +40, down 3 points from the middle of August and well within the optimistic range for the index. Compared to one year ago buyers and sellers of flat rolled steel are feeling much better about their company’s ability to be successful in today’s market. Last September the SMU Steel Buyers Sentiment Index was measured at +19 and then dropped to a low point of +9 during the middle of October 2012. Since the end of May 2013, Sentiment has been trending higher indicating steel buyers and sellers continue to grow even more optimistic about their company’s ability to be successful in the current market environment.
