SMU Steel Buyers Sentiment Index Continues to Trend Higher

The situation at US Steel Great Lakes, and now Gary Works, has not bridled the enthusiasm which has been growing within the flat rolled steel markets. We are seeing buyers and sellers of flat rolled steel continuing to be optimistic about their company’s ability to be successful in both today’s market as well as three to six months out into the future. Steel Market Update (SMU) announced the results of our SMU Steel Buyers Sentiment Index for early April at +43, which is well within the optimistic range for our index.

The current reading of +43 is unchanged from two weeks ago but is up 6 points from one month ago. Sentiment was measured at +21 during the 1st week of April 2013.