SMU Data and Models
January 23, 2014
SMU Steel Buyers Sentiment Index Trending Higher
Written by John Packard
Steel Market Update (SMU) released ourr latest Steel Buyers Sentiment Index which measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the current business environment. The mid-January Sentiment Index was measured over the period January 20 through February 23, 2014 and is being reported at +44.
Sentiment improved by 1 point compared to the reading produced at the beginning of January and is much more optimistic than the +27 reported during the middle of January 2013. In fact, the +44 is the most optimistic reading collected by Steel Market Update since the +45 produced during the first week of March 2012.
