SMU Data and Models
April 6, 2017
SMU Steel Buyers Sentiment Index 3MMA Another Record High
Written by John Packard
Steel Market Update is reporting today a new record high was achieved in our Current Steel Buyers Sentiment Index 3-month moving average (3MMA).
Buyers and sellers of flat rolled steel continue to be very optimistic about their company’s ability to be successful in the existing market environment. As a single data point, Sentiment was measured as being +75 which is 2 points lower than the reading we made last month. One year ago, Sentiment was -5 points lower than the +70 reported at that time.
