SMU Steel Sentiment Index Now Trending Lower

Since 2008, Steel Market Update has been measuring how steel buyers and sellers feel about their company’s ability to be successful in the existing market environment (which we call “Current Sentiment”). We also probe the same group of manufacturers, steel service centers, steel mills, trading companies and toll processors on how they feel about their company’s ability to be successful three to six months into the future (“Future Sentiment”). Our analysis is done twice per month and we have just completed our analysis of the responses received since Tuesday of this week. An explanation of the Index values are explained at the end of this article.

Buyers and sellers of steel continue to be optimistic about their company’s ability to be successful both in the current as well as the future market environments. Ever since the beginning of December 2015 Steel Market Update had seen optimism expanding based on our SMU Steel Buyers Sentiment Index.