SMU Data and Models
September 3, 2020
SMU Steel Buyers Sentiment: Back to Healthy Levels
Written by Tim Triplett
Industry sentiment, as measured by Steel Market Update, has improved to relatively healthy levels even higher than this time last year prior to the pandemic. Both the Current and Future Steel Buyers Sentiment Indexes have jumped by 20 points or more in the past month, suggesting buyers are feeling better about the market’s recovery.
SMU asks steel buyers how they view their company’s chances for success in the current environment. The Current Sentiment reading jumped 11 points over the past two weeks to a reading of +61. That’s up 27 points compared to a month ago when the index had dipped to +34. Current Sentiment has recovered dramatically from a low of -8 in the first week of April when the coronavirus disruption was at its worst.
