SMU Data and Models
October 22, 2015
SMU Steel Buyers Sentiment Index Moving Down Less Optimistic Track
Written by John Packard
Business conditions affecting manufactures and flat rolled steel service centers are expected to be more challenging based on the SMU Steel Buyers Sentiment Index released today. Buyers, sellers and those associated with the flat rolled steel industry were less optimistic than what we had been seeing over the past 27 months.
Our Current Sentiment Index, which measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the current market environment, is +32 this week which is down 5 points from the beginning of the month and is 29 points lower than the +61 reported during the middle of June 2015. The SMU Steel Sentiment Buyers Sentiment Index is down 32 points from the +64 reported in mid-October 2014.
