SMU Data and Models
August 7, 2014
SMU Steel Buyers Sentiment Index at Record High
Written by John Packard
This afternoon, Steel Market Update reported the SMU Steel Buyers Sentiment Index +68 for early August 2014. This is the highest level ever recorded and the most optimistic we have seen buyers and sellers of flat rolled steel since the Sentiment Index began in November 2008.
Positive numbers (above zero) indicate an optimistic attitude exists within the flat rolled steel industry as individuals within the industry report on their company’s ability to be successful in the current market. Our index canvasses manufacturing companies, service centers, steel mills, trading companies and toll processors who are involved with the flat rolled steel industry.
