Steel Products
March 19, 2020
SMU Steel Buyers Sentiment Index: Optimism Drops on Virus Fears
Written by Tim Triplett
Coronavirus fears have taken a major toll on how steel executives view their prospects for success. Steel Buyers Sentiment, as measured by Steel Market Update, suffered the sharpest one-week decline in the index’s 11-year history. Sentiment plunged by 45 points, from a Current Sentiment reading of +58 down to +13, and a Future Sentiment reading of +61 down to +16. Prior to this, the biggest weekly swing was a 23-point drop in mid-September 2019.
