SMU Data and Models
December 18, 2014
SMU Steel Buyers Sentiment Index Rebounds
Written by John Packard
Steel Market Update (SMU) released their Steel Buyers Sentiment Index this afternoon. Sentiment, which is a measure as to how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the current market environment, rose 4 points from the beginning of December and is now at +56. Positive (+) readings are considered optimistic with the most optimistic reading being +100.
Even with seasonal issues and holidays impacting the current market environment we are finding those responding to our flat rolled market surveys as being upbeat about the industry. We are much more optimistic this year than last when the SMU Steel Buyers Sentiment Index was reported to be +37.
