SMU Data and Models
April 17, 2014
SMU Steel Buyers Sentiment at Record High
Written by John Packard
Steel Market Update (SMU) Steel Buyers Sentiment Index reached new highs this week. Buyers and sellers of flat rolled steel were the most optimistic we have seen since SMU first began measuring Sentiment in October 2008. Our Sentiment Index was measured at +58 which is up 15 points since early April and exceeded the previous high of +49 recorded back in mid-January 2012 by 9 points.
Looking at Sentiment from a longer view perspective, our 3 month moving average (3MMA) is +43.33 which matches the highest level which was last seen in March 2012. One month ago our 3MMA was +41.00 and this time last year Sentiment 3MMA was +20.17. Buyers and sellers of steel are gaining confidence in their company’s ability to be successful in the current market.
