SMU Data and Models
December 8, 2016
SMU Steel Buyers Sentiment Index Sees Renewed Optimism
Written by John Packard
SMU Sentiment Index Sees Renewed Optimism
The SMU Steel Buyers Sentiment Index has seen a renewed spurt of optimism based on our latest data. Sentiment, which had been trending lower since the beginning of July based on our three month moving average (3MMA) reversed course and moved higher this week. Our 3MMA for Current Sentiment is now +53.50 up from the +53.17 posted during the middle of November. We set an all time high the first week of July 2016 when we posted Current Sentiment 3MMA at +69.17.
