SMU Data and Models
February 19, 2015
SMU Steel Buyers Sentiment Index: 3MMA Less Optimistic Trend Snapped
Written by John Packard
Steel Market Update (SMU) Steel Buyers Sentiment Index was measured at +53 earlier today based on the results of our most recent flat rolled steel analysis conducted this week. The +53 is 7 points higher than what we reported at the beginning of the month.
Our Steel Buyers Sentiment Index measures how buyers and sellers of flat rolled steel feel regarding their company’s ability to be success in the current market environment. Optimistic readings are those reported to be above zero (+100 is the most optimistic reading possible) while those reported as negative numbers are where we are seeing a very pessimistic market place (the most pessimistic reading would be -100).
