SMU Data and Models
January 18, 2018
SMU Steel Buyers Sentiment Index: New Highs
Written by Tim Triplett
Current and future sentiment among flat rolled steel buyers has rarely been higher, according to the latest Steel Market Update Steel Buyers Sentiment Index. The index measures changes in buyers’ optimism levels, which offers insight into their likely decision-making. Nearly eight out of 10 respondents to SMU’s flat rolled steel questionnaire say their company’s chances for success in the current market environment, as well as three to six months in the future, are good, if not excellent.
Measured as a single data point, the average among those responding to this week’s questionnaire was +78, up from +73 two weeks ago, and what could be considered a multi-year peak.
