SMU Data and Models
March 23, 2017
SMU Steel Buyers Sentiment Index 3MMA Sets New Highs
Written by John Packard
Steel Market Update concluded our analysis of the flat rolled steel markets earlier today. One of the proprietary products produced out of our twice monthly analysis is the SMU Steel Buyers Sentiment Index which consists of Current and Future Sentiment Indices.
Our Current Sentiment Index as a single data point came in at +73. This is down 4 points from the +77 reported at the beginning of the month. Our Current Sentiment Index has consistently been over +70 for the past three months. Buyers and sellers of flat rolled steel continue to be very optimistic about their companies’ ability to be successful in the existing or current market environment.
