SMU Data and Models
July 26, 2020
SMU Steel Buyers Sentiment: Moves in the Wrong Direction
Written by Tim Triplett
Industry sentiment had been trending positive since bottoming out in the first week of April—until this week. Steel Market Update’s Steel Buyers Sentiment Indexes slid back from levels earlier in the month on continued uncertainty over the coronavirus and its effects on the economy and steel demand.
SMU asks steel buyers how they view their company’s chances for success in the current environment and three to six months in the future. The Current Sentiment reading this week dipped to +34, down 8 points from two weeks ago. At this point in 2019 the index had a reading of +48.
