SMU Data and Models
February 22, 2018
SMU Steel Buyers Sentiment Index: Signs of Uncertainty
Written by Tim Triplett
Current and future sentiment among flat rolled steel buyers showed a slight dip this month, due in part to the uncertainty over possible government trade action against imports. Viewed as a three-month moving average, however, industry optimism remains near record highs, 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 three out of four respondents to SMU’s flat rolled market trends questionnaire this week said their company’s chances for success in the current market environment are good (50 percent), if not excellent (24 percent). About 23 percent feel their prospects are fair, while only 3 percent consider them poor.
