SMU Data and Models
April 1, 2021
SMU Steel Buyers Sentiment: Steadfastly Positive
Written by Tim Triplett
The prevailing sentiment among steel buyers remains as steadfastly positive as steel prices are steadfastly high. Steel Market Update’s Steel Buyers Sentiment Index saw only minor changes since SMU’s last check of the market.
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 +69, down three points from a +72 earlier in the month, which was its highest reading since May 2018. SMU’s Future Sentiment Index saw a two-point uptick to another very positive reading of +64.
