SMU Data and Models
July 12, 2020
SMU Steel Buyers Sentiment: Still Trending Positive
Written by Tim Triplett
Despite bad news on the coronavirus front, as authorities work to keep a surge in COVID-19 infections from derailing the economy once again, sentiment in the steel industry continues to trend positive. Steel Market Update’s Steel Buyers Sentiment Indexes are near levels comparable to this time last year, prior to the pandemic.
Since early April when Current Sentiment hit -8, the lowest reading since November 2010, the index has improved by 50 points. The current reading of +42 increased by a further 3 points in the past two weeks. At this point in 2019 the index had a reading of +49.
