SMU Data and Models
December 5, 2013
SMU Steel Buyers Sentiment Index Continues Strong Optimistic Trend
Written by John Packard
Buyers and sellers of flat rolled steel continue to be optimistic about their company’s ability to be successful in the current market conditions. Based on the results of our early December steel market analysis, SMU Steel Buyers Sentiment Index was measured at +39. This is up 6 points from our last reading and well within the optimistic range of the index. At the beginning of December 2012 Sentiment was measured at +16.
The three month moving average (3MMA) is +37.83, unchanged from 2 weeks ago and slightly below the early November reading of +39.33. One year ago the 3MMA was +15.33.
