SMU Data and Models
April 28, 2016
SMU Survey Indicates Positive Demand Trend
Written by John Packard
Last week Steel Market Update reported our Steel Buyers Sentiment Index as being at record highs. Buyers and sellers of flat rolled steel are very optimistic about their company’s ability to be successful not only in the current market but three to six months out into the future as well. When looking at Sentiment from a three month moving average (3MMA) which takes out any minor gyrations that can affect a single data point, we can clearly see the optimistic trend growing ever since the domestic steel mills began announcing, and more importantly – collecting, price increases.
