SMU Data and Models
June 14, 2020
SMU Steel Buyers Sentiment: Outlook Continues to Improve
Written by Tim Triplett
Steel buyers’ attitudes, as measured by Steel Market Update’s Sentiment Indexes, have improved steadily since their low point in the first week of April and are now approaching pre-coronavirus levels once again. Industry executives are clearly feeling more positive about their prospects as the economy begins to normalize.
Current Sentiment has improved by 40 points since April 2 when the index hit -8, the lowest reading since November 2010. The current reading of +32 compares to an average for the year prior to the pandemic of +48.
