SMU Data and Models
February 24, 2019
SMU Steel Buyers Sentiment Index: Off From Last Year
Written by Tim Triplett
Industry sentiment remains well below levels of a year ago, as measured by Steel Market Update’s Steel Buyers Sentiment Index. While still at a healthy level and solidly within the optimistic range, sentiment is clearly being tempered by the many market uncertainties. Now that it appears steel prices have hit bottom and may be on the rebound, SMU will be watching to see if we get a corresponding uptick in buyers’ attitudes.
The goal of the index is to measure how buyers and sellers of steel feel about their company’s ability to be successful today (Current Index), as well as three to six months into the future (Future Index). Results are posted as both single data points and as three-month moving averages (3MMAs) to smooth out the trend.
