SMU Data and Models
October 20, 2016
SMU Steel Buyers Sentiment Index: Surprise Bounce?
Written by John Packard
We saw a single data point “bounce” this week in both the Current and Future SMU Steel Buyers Sentiment Indexes. Does it mean anything significant? In our opinion it is too early to tell.
Current Sentiment, which measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing (current) market conditions rose to +53. The new single data point level is +10 points more optimistic (higher) than what we reported at the beginning of October. One year ago Current Sentiment was +32 so those companies buying and selling steel are in a much more optimistic place now than last year.
