SMU Steel Buyers Sentiment Index: 3MMA Trending Lower

As we discussed at the beginning of the month April, Steel Market Update (SMU) will  present our Future Steel Buyers Sentiment Index at the beginning of our Sentiment articles. Future Sentiment provides a better look at what steel buyers and sellers of flat rolled steel are thinking regarding their company’s ability to be successful three to six months out (Future). Later in our Sentiment article we will look at how they feel about their company’s ability to be successful at this point in time (Current Sentiment). We are making the change in the order because we are finding more people are interested in what is going to happen versus what is happening right now.

The SMU Future Buyers Sentiment Index rose 4 points to +61 over our last survey which was conducted at the beginning of April. The index is unchanged compared to mid-March and is down from +72 one year ago.