Buyers, Sellers of Steel Remain Optimistic

The SMU Steel Buyers Sentiment Index continues to represent buyers and sellers of flat rolled steel as being optimistic about their companies’ ability to be successful in both the current market environment as well as three to six months into the future.

As a single data point collected by Steel Market Update as part of our flat rolled steel market trends analysis over the course of this week, the “Current” SMU Steel Buyers Sentiment Index has inched up in over the past four weeks indicating that steel buyers are slightly more optimistic about the existing market conditions’ impact on their ability to be successful.