SMU Data and Models
April 20, 2017
SMU Steel Buyers Sentiment Index: Have We Seen the Peak?
Written by John Packard
The Steel Market Update (SMU) Steel Buyers Sentiment Index continues at very optimistic levels for those involved in the flat rolled steel industry in the United States and Canada. At the same time, our index is no longer making new high’s either as a single data point or on our three-month moving average (3MMA).
SMU Steel Buyers Sentiment Index measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing market environment (Current Sentiment) as well as three to six months into the future (Future Sentiment). We explain our point system at the end of this article but the short view is anything referenced as a positive (+) number is considered part of the optimistic portion of our index.
