SMU Data and Models
May 4, 2017
SMU Steel Buyers Sentiment Index 3MMA +73.50
Written by John Packard
Twice per month, Steel Market Update (SMU) conducts a review of how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing market (Current Sentiment) as well as three to six months out (Future Sentiment). Earlier today we crunched the data and found the flat rolled steel industry is still very optimistic about the industry as the data continues to be very close to record highs.
Looking at the existing market from a single data point perspective, our Current Sentiment Index is +73, up one point from the middle of April but down 4 points from the all-time high of +77 recorded during the first week of March 2017.
