SMU Data and Models
June 16, 2016
SMU Steel Buyers Sentiment Index Sets New Record High
Written by John Packard
Earlier this week Steel Market Update began canvassing the flat rolled steel community to determine how buyers and sellers felt about their company’s ability to be successful in the current market environment. The result is the SMU Steel Buyers Sentiment Index which has been on a roll for a number of months setting new record highs (3MMA) every month since December 15, 2015.
The +69 reading for mid-June actually came in even with our measurement for Sentiment made two weeks ago. One month ago Current Sentiment was +67 and one year ago our Sentiment Index was reported to be +61.
