SMU Data and Models
February 16, 2017
SMU Steel Buyers Sentiment Index 3MMA at Record High
Written by John Packard
Buyers and sellers of flat rolled steel continue to fly high and are optimistic about their company’s ability to be successful both in the existing market environment (Current Sentiment) as well as looking out three to six months into the future (Future Sentiment). Both Current Sentiment and Future Sentiment set record highs based on the three-month moving average.
As a single data point our SMU Steel Buyers Sentiment Index came in at +71 which is down -5 points from the beginning of this month. One year ago Sentiment was reported as being +58. Steel Market Update is of the opinion that our Sentiment Index is a harbinger for a better steel demand environment in the coming months.
