SMU Data and Models
October 17, 2013
SMU Steel Buyers Sentiment Index at +38
Written by John Packard
Based on responses from the Steel Market Update (SMU) mid-October steel market survey, SMU Steel Buyers Sentiment Index is +38 and is considered to represent an optimistic view of the industry by those buying and selling flat rolled steel products. The latest reading is up one point over our early October measurement but is one point lower than one month ago. Last year at this time Sentiment was measured at +9 – what a difference a year makes.
