SMU Data and Models
July 20, 2017
SMU Steel Buyers Sentiment Index: Market's Anxious
Written by Tim Triplett
The SMU Steel Buyers Sentiment Index has seen some erosion since peaking at +77 around March 1. However, buyers and sellers of flat rolled steel continue to be optimistic about the potential for their company to be successful in both the existing market and three to six months into the future.
Buyers and sellers of flat rolled steel remain concerned about the pending Section 232 decision, however, and its potential effects on the market, according to Steel Market Update’s latest market survey. Results of the investigation into the threat steel imports pose to national security have been delayed repeatedly, adding to the anxiety in the marketplace and a slight slip in sentiment.
Looking at the Numbers
As a single data point, Current Sentiment is at +63, down 2 points from a month ago, but up slightly from this time last year.
