SMU Data and Models
June 19, 2014
SMU Steel Buyers Sentiment Index Continues Down Optimistic Path
Written by John Packard
The fact that steel prices have been moderating and, in some cases, moving lower has not dented the enthusiasm buyers and sellers of flat rolled steel are showing based on the Steel Market Update Steel Buyers Sentiment Index. The latest market analysis is pegging Sentiment at +57, up 3 points from our last measurement conducted at the beginning of June and 5 points away from the all-time record high of +62 achieved during the middle of May 2014. Any reading above +10 is considered to be within the optimistic range for our index.
“Moving into the summer we are very pleased with the pace of orders,” is the opinion expressed by one service center as they responded to our survey questions.
