SMU Data and Models
March 9, 2017
SMU Steel Buyers Sentiment Index Sets New Highs
Written by John Packard
Optimism reigns supreme within the steel community and those responsible for buying and selling flat rolled steel products. The SMU Steel Buyers Sentiment Index set new record highs for both Current and Future Sentiment indices.
Buyers and sellers of flat rolled steel set a new record high for a single data point at +77 for our Current Sentiment Index. Our preference is to look at the data through a three-month moving average (3MMA) which helps smooth out any bumps in the data. On a 3MMA basis Current Sentiment is +73 which is also a new record high, one year ago our 3MMA was +53.17.
