SMU Data and Models
January 22, 2021
SMU Steel Buyers Sentiment: Signs of Price Anxiety?
Written by Tim Triplett
If the market is getting anxious about a coming correction in steel prices, there are few signs of it yet in industry sentiment data, as measured by Steel Market Update. Current Sentiment remains at an optimistic level in the mid-60s where it has ranged since October. Future Sentiment is slightly less bullish but still above typical readings over the last two years.
Every two weeks, SMU asks steel buyers how they view their company’s chances for success in the current environment. The Current Sentiment Index increased by one point this week to a very optimistic reading of +64—up 72 points from the pandemic-induced low of -8 back in April
