SMU Steel Buyers Sentiment Index Close to Record High

Buyers and sellers of flat rolled steel continue to smile when asked about their company’s ability to be successful both in the current market environment as well as looking out into the future three to six months. The result has taken the SMU Steel Buyers Sentiment Index higher and we are approaching record levels in many of our proprietary indices. The bottom line is the flat rolled steel marketplace is optimistic and moving higher.

Current Sentiment was measured this week as being +67. This is +8 points higher than what we saw at the beginning of the month and is an outstanding +23 points more optimistic than what we reported at the beginning of the New Year. The highest level we have seen for Current Sentiment is +68 which was reported in August 2014.