SMU Steel Buyers Sentiment Index Slips Again

After setting a record optimistic high of +68 at the beginning of August 2014, SMU Steel Buyers Sentiment Index has now declined for the second time and stands at +53. The most recent measurement is still well within the optimistic parameters for our index. Even so, we are concerned with the 15 point dip that we have seen over the past 30 days.

Our three month moving average (3MMA) is +60.67 which is down slightly from the 60.83 measured two weeks ago and +61.33 one month ago when it was also at an all time high. One year ago the 3MMA was 38.17.