SMU Steel Buyers Sentiment Index: Poised to Rise?

Despite all the uncertainty regarding possible trade action and steel prices, the Steel Market Update Steel Buyers Sentiment Index is holding steady, and at a higher level than last year. Steel buyers’ sentiment appears to have bottomed out in October and November and, in Steel Market Update’s opinion, is poised to pick up along with business in the coming first-quarter if the market follows the pattern of the past few years.

The SMU Steel Buyers Sentiment Index measures changes in buyers’ optimism levels, which offers some insight into their likely decision-making on such factors as purchasing and inventory levels. Most buyers and sellers of flat rolled steel remain optimistic about their company’s ability to be successful in the current market environment, as well as three to six months into the future.