SMU Data and Models
November 10, 2016
SMU Steel Buyers Sentiment Index: Struggling to Move Higher
Written by John Packard
Buyers and sellers of flat rolled steel responding to our early November flat rolled steel market trends survey were found to be of the same mind as what we measured in the middle of October. Current Sentiment* was recorded as being +53.00 the same as what we reported in mid-October. The +53 is the best reading since early September when we measured Sentiment as being +63.00. One year ago our single data point for Sentiment was +36.
*Current Sentiment Index: How do steel buyers and sellers of flat rolled steel feel about their company’s ability to be successful in today’s market conditions. Future Sentiment is how these same buyers and sellers feel about their company’s ability to be successful 3 to 6 months into the future.
