SMU Data and Models
July 10, 2014
SMU Steel Buyers Sentiment Index Sets New Record High
Written by John Packard
The SMU Steel Buyers Sentiment Index produced a new record high this week as those responding to our market questionnaire pegged Sentiment at +65. Sentiment is now +8 points higher than the +57 produced during the middle of June and is up +11 points from just one month ago. Last year at the beginning of July Sentiment was measured at +38, 27 points lower than this week’s number.
The 3-month moving average (3MMA) also set a new record at +59.17 up from +55.50 measured in the middle of June. The 3MMA is 6 points higher than one month ago and is +34.5 points more optimistic than the +24.67 set one year ago.
