SMU Data and Models
June 5, 2015
SMU Steel Buyers Sentiment Index: Optimistic & Disappointing at the Same Time
Written by John Packard
Steel Market Update (SMU) conducted our flat rolled steel analysis over the past four days. Based on the responses collected from those taking our survey we found a continuation of the optimistic trend that we have seen for a number of years now but, when compared to 2nd Quarter 2014 our index has been disappointing coming in with lower values than what we saw last year.
Future Sentiment, which measures buyers and sellers of flat rolled steel opinions about their company’s ability to be successful three to six months from today, is being reported at +58. This is down from the +60 reported one month ago and well below the high for the year of +70 reported during the first week of the New Year.
