SMU Data and Models
February 4, 2016
SMU Steel Buyers Sentiment Index Continues to Improve
Written by John Packard
Buyers and sellers of flat rolled steel and the companies that use the products are becoming more optimistic about both the short term and medium term success for their companies. Earlier this week we began the process of collecting data regarding various trends involved with the flat rolled steel industry. One of the key proprietary trends we analyze twice per month is the SMU Steel Buyers Sentiment Index.
We concluded data collection earlier today and our analysis of the data inputs is indicating a continuation of the improving, or more optimistic trend that we have seen developing since the domestic steel mills began raising steel prices and collecting a portion of the increases during the middle of December 2015.
