SMU Data and Models
November 6, 2014
SMU Steel Buyers Sentiment Index at +62
Written by John Packard
It may be a different day but buyers and sellers of flat rolled steel are still singing the same optimistic song regarding their company’s chances of being successful in the current (and future) steel environment. Steel Market Update has been conducting our early November flat rolled steel market survey all week and this afternoon we reported our SMU Steel Buyers Sentiment Index as being +62.
The +62 reading is well within the optimistic range of our index (explanation below) and is an improvement by 3 points over the last measurement which was done in the middle of October. Sentiment is +22 points higher than at the beginning of October 2013.
