SMU Data and Models
January 19, 2017
SMU Steel Buyers Sentiment Index Sets New Record High
Written by John Packard
The steel industry does not seem to be concerned about the transition of power as Donald Trump becomes the 45th President of the United States. There have been a number of cabinet appointees who have testified about the domestic steel industry and the need to “level the playing field” by taking governments, such as China, out of the subsidization of their industry. Whether these discussions are impacting buyers and sellers of the steel industry in the United States, we can only speculate.
Steel prices have been increasing both here in the United States as well as elsewhere around the world. At this time, it appears the higher steel prices are making those involved in the industry more optimistic and we are capturing that optimism in our analysis of the flat rolled steel markets.
