SMU Data and Models
March 24, 2019
SMU Steel Buyers Sentiment Index: Little Change This Year
Written by Tim Triplett
Steel Market Update’s Steel Buyers Sentiment Index has registered little change so far this year, even as steel prices have seen a small uptrend.
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. Sentiment among industry executives remains well within the optimistic half of the scale, but has declined by 20 points from the January 2018 high of +78.
