SMU Data and Models
August 23, 2018
SMU Steel Buyers Sentiment Index: Signs of Concern
Written by Tim Triplett
Both Current and Future Sentiment, measured as three-month moving averages (3MMAs) to smooth out the data, are below levels of this time last year, possibly reflecting concerns among steel buyers about the volatile trade situation in the U.S. Data from Steel Market Update’s Steel Buyers Sentiment Index remains at optimistic levels, however, by historical standards.
The Current 3MMA moved down to +64.83 from +66.33 a month ago and +65.67 in mid-August 2017. The reading is currently at it lowest point in 2018. Current sentiment peaked this year at +73.83 in mid-February.
