SMU Data and Models
May 31, 2020
SMU Steel Buyers Sentiment Index: Trending in the Right Direction
Written by Tim Triplett
Steel buyers’ attitudes appear to be mirroring the economy—improving in painfully slow increments as coronavirus restrictions ease and more companies get back to work. Both Current and Future Sentiment as measured by Steel Market Update saw a 14-point improvement in the past two weeks and are up more than 30 points from the lows recorded in the first week of April.
Steel Market Update asked steel buyers how they view their company’s current prospects for success, as well as their chances for success three to six months in the future. The Current Sentiment reading in late May was +29, a 37-point rebound over the past two months.
