SMU Data and Models
January 9, 2020
SMU Steel Buyers Sentiment Index: New Year Optimism
Written by Tim Triplett
Steel buyers sentiment has seen a notable improvement as business conditions appear favorable to start the new year. Both the Current and Future Sentiment indexes had readings above +60 this week.
The goal of SMU’s index is to measure how buyers and sellers of steel feel about their company’s ability to be successful today (Current Sentiment Index), as well as three to six months into the future (Future Sentiment Index). Results from SMU’s market trends questionnaire this week are posted as both single data points and as three-month moving averages (3MMAs) to smooth out the trend.
