SMU Data and Models
February 23, 2020
SMU Steel Buyers Sentiment Index: Relatively Steady
Written by Tim Triplett
Steel buyers sentiment, as measured by Steel Market Update, has remained relatively steady at a fairly optimistic level since the beginning of the year. But both Current and Future Sentiment have registered a very slight decline in the past few weeks.
SMU’s Current Sentiment Index registered +56 this week, down from +63 at this time last month. The Future Sentiment Index has dipped to +60 from +63 four weeks ago. Neither change is very significant and leave sentiment at strong levels well above the six-year lows in the 20s and 30s registered in September and October 2019.
