SMU Steel Buyers Sentiment Index: Cooling Off or Still Hot, Hot, Hot?

SMU canvasses buyers and sellers of steel to see how they feel about their company’s ability to be successful in both the existing (Current) market conditions as well as what they perceive those conditions will be three to six months into the future (Future). All of our participants are involved in the flat rolled steel market and the measurement takes place during our twice monthly flat rolled steel market trends analysis survey.

Buyers and sellers of steel continue to be quite optimistic as our Current Sentiment Index came in at +68. This is down 3 points from our mid-April analysis which at +71 was the most optimistic reading we have seen since we began measuring Sentiment in 2008.