SMU Data and Models
October 29, 2021
SMU Steel Buyers Sentiment: Slightly More Bearish?
Written by Tim Triplett
Despite all the uncertainty over the economy and steel prices as the year nears an end, sentiment among steel buyers remains extremely optimistic versus historical levels, as measured by Steel Market Update. But this week’s check of the market saw a small decline to the lowest sentiment reading since July.
SMU surveys buyers every two weeks and asks how they view their chances of success in the near and longer term. SMU’s Current Buyers Sentiment Index registered +77 – a decline of six points but still within shouting distance of its all-time high of +84 seen early last month.
