SMU Data and Models
January 9, 2014
Optimism Improving According to SMU Steel Buyers Sentiment Index
Written by John Packard
Buyers and sellers of flat rolled steel entered the New Year in very high spirits. Our Steel Market Update (SMU) Steel Buyers Sentiment Index was measured at +42 which is the most optimistic level recorded since March 1, 2012 (+45).
The rolling three month moving average (3MMA) came in at +38.33 which is a one point improvement from the last reading in mid-December and is +19.50 points better than the first week of January 2013.
