SMU Data and Models
December 7, 2017
SMU Steel Buyers Sentiment Index: Start of a New Up Trend?
Written by Tim Triplett
Current and future sentiment among flat rolled steel buyers ticked up a bit in the past two weeks, according to the Steel Market Update Steel Buyers Sentiment Index. The same pattern started to appear at this time last year, leading into a strong first quarter.
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.
