SMU Data and Models
November 5, 2015
SMU Steel Buyers Sentiment Index 3MMA Still Trending Lower
Written by John Packard
The Steel Market Update (SMU) Steel Buyers Sentiment Index is continuing its downward trend, even though the Current Index is 4 points higher and the Future segment of the Index is 9 points higher than what we reported during the middle of October.
The numbers we follow closely are our 3 month moving averages (3MMA) and both the Current and Future Index 3MMA were lower this week.
