SMU Data and Models
March 5, 2015
SMU Steel Buyers Sentiment Index Sees Modest Decline
Written by John Packard
Steel Market Update (SMU) concluded our 5th flat rolled steel market survey earlier today. After evaluating the responses we found buyers and sellers of flat rolled steel continue to be optimistic about their company’s ability to be successful both in the current as well as the future steel markets (3-6 months out).
The SMU Steel Buyers Sentiment Index (current) is being reported to be +49. This is down 4 points from our last market analysis during the middle of February, but is well above the +37 measured during the first week of March 2014. The +49 is well within the optimistic range of our index (explanation to follow).
