SMU Data and Models
July 23, 2015
SMU Steel Buyers Sentiment Index: Moderately Optimistic
Written by John Packard
The Steel Market Update Steel Buyers Sentiment Index continues to be modestly optimistic although less so than what the index was reporting one year ago. The trend for the proprietary index has been to move sideways in what might be considered a not too hot, not too cold marketplace.
SMU looks at how buyers and sellers of steel feel about their company’s ability to be successful both in the current market environment as well as three to six months into the future. We have a full explanation of the point system being used at the end of this article but, for now you need to know that any reading with a plus (+) signals an optimistic response rate. The higher the number (maximum is +100) the more optimistic the group.
