SMU Data and Models
August 17, 2017
SMU Steel Buyers Sentiment Index: Lower Optimism Trend Continues
Written by Tim Triplett
Steel Market Update (SMU) is releasing our SMU Steel Buyers Sentiment Index for mid-August. The Index measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful both in the current market environment, as well as three to six months into the future. Overall, our Indexes remains optimistic. However, the trend since the beginning of May 2017 has been for the level of optimism to be lower than what we were seeing earlier in the year.
Indexed by SMU as a single data point, Current Sentiment is at +65 (on a positive scale that ranges from 0 to +100), down 2 points from the data collected two weeks ago. One month ago, sentiment was +63; a year ago it was +61.
