SMU Data and Models
September 18, 2014
SMU Steel Buyers Sentiment Index Jumps
Written by John Packard
Buyers and sellers of flat rolled steel are becoming more optimistic about their company’s ability to be successful based on current market conditions according to Steel Market Update and their Steel Buyers Sentiment Index.
SMU Steel Buyers Sentiment Index rose to +64 or +11 points higher than where it was measured during the beginning of the month of September. The index was created by Steel Market Update in November 2008 as a way of gauging how buyers and sellers of flat rolled steel were feeling about the industry and their ability to be successful both now (Current Sentiment) and three to six months into the future (Future Sentiment).
