SMU Data and Models
November 21, 2013
SMU Steel Buyers Sentiment Index at +33
Written by John Packard
Buyers and sellers of flat rolled steel products continue to be optimistic about their company’s ability to be successful in the current market environment, however at lower levels than what we had been seeing over the past few months. The Steel Market Update (SMU) Steel Buyers Sentiment Index was measured this week at +33 down 7 points from the +40 recorded at the beginning of the month. The +33 is the lowest reading we have seen since the first week of June when Sentiment was +22.
The three month moving average also slipped for the first time in a couple of months. The 3MMA was measured at +37.83 down 1.5 points from this time last month.
