SMU Data and Models
December 3, 2015
Buyers & Sellers of Steel Less Optimistic about both Current & Future Business for their Company
Written by John Packard
Steel Market Update (SMU) Steel Buyers Sentiment Index continued its long slide as buyers and sellers of flat rolled steel are less optimistic this week regarding their company’s ability to be successful both in the existing (Current) market as well as three to six months into the future (Future). Respondents to our queries regarding Sentiment pointed to seasonal factors (winter weather) as one of the main reasons for the less optimistic viewpoint. Even so, buyers and sellers of steel are optimistic about now and the future – just less so than what we were reporting earlier this year.
SMU Current Steel Buyers Sentiment Index is +34 down 3 points from the middle of November and 27 points lower than the +61 reported during the middle of June 2015. Compared to one year ago, Current Sentiment is 18 points lower than the beginning of December 2014.
