SMU Data and Models
June 5, 2014
SMU Steel Buyers Sentiment Index at +54
Written by John Packard
Steel Market Update (SMU) Steel Buyers Sentiment Index is at +54 this week and continues to be well within the optimistic range for the index. Even though the index dropped 8 points from the all-time high recorded during the middle of May, the growing optimistic trend continues as our three month moving average improved to +52.17, up +2.84 points and setting a new high for the 3MMA.
The SMU Steel Buyers Sentiment Index measures how active buyers and sellers of steel feel about their company’s ability to be successful in the current market environment. Since the beginning of calendar year 2014 we have seen Sentiment improving, moving from the low +40’s and into the mid +50’s and beyond during the six month time span.
