SMU Data and Models
June 7, 2018
SMU Steel Buyers Sentiment Index: Slightly Lower
Written by John Packard
The SMU Steel Buyers Sentiment Index, which measures how buyers and sellers of flat rolled and plate steels feel about their companies’ ability to be successful both now and three to six months into the future, was slightly lower this week. Demand has stayed strong, and buyers and sellers of flat rolled steel generally remain optimistic about their chances for success in current and near-term market conditions. But the numbers have ticked downward in the past two weeks.
SMU’s Steel Buyers Sentiment Index registered +62 out of a possible +100, down 5 points from mid-May. Calculated as a three-month moving average (3MMA) to smooth out the data, the index is at +67.00, just slightly above the low reading of the year, which was 66.50.
