SMU Data and Models
March 19, 2021
SMU Steel Buyers Sentiment: Less Bullish on the Future
Written by Tim Triplett
Steel buyers are considerably more confident of their near-term than their future prospects, according to the latest findings from Steel Market Update.
Every two weeks, SMU asks buyers how they view their company’s chances for success in the current environment, as well as three to six months in the future. SMU’s Current Buyers Sentiment Index measured a very optimistic +72 this week—its highest reading since May 2018 and an impressive rebound from the low of -8 registered in April 2020 right after the pandemic hobbled the economy. At +72, the index is just shy of its highest reading ever on the 200-point scale of +78 in January 2018.
