SMU Data and Models
August 6, 2015
SMU Steel Buyers Sentiment Index: Just Like Prices, Moving Sidways
Written by John Packard
Steel Market Update (SMU) reported their Steel Buyers Sentiment Index (current situation) to be unchanged from the last measurement made during the middle of July. The +56 being reported is down 2 points from the beginning of July and 12 points from the +68 reported at the beginning of August 2014.
The Steel Buyers Sentiment Index measures how flat rolled steel buyers and sellers think about their company’s ability to be successful in the existing market environment. SMU also measures how these same buyers and sellers of steel feel about their company’s ability to be successful three to six months into the future. Steel Market Update has been measuring Sentiment since November 2008.
