SMU Data and Models
February 10, 2020
SMU Steel Buyers Sentiment Index: Still Positive
Written by Tim Triplett
Steel buyers remain optimistic about their prospects for success, but perhaps slightly less so than in mid-January. Steel prices have seen modest declines since then, along with headlines on presidential impeachment and a deadly virus in China adding to worries about the economy.
Steel Market Update’s Current Sentiment Index registered +61, down from +63 two weeks ago. The Future Sentiment Index dipped to +58 from +63 in the last survey. A change of just 5 points is not very significant and leaves Future Sentiment at a healthy level well above the readings in the 30s in September and October 2019, which were six-year lows.
