SMU Data and Models
November 12, 2021
SMU Steel Buyers Sentiment: Has Optimism Peaked?
Written by Tim Triplett
Steel prices are on the way down, but not steel buyers’ optimism – at least not yet. Steel Market Update’s indexes for both Current and Future Buyers Sentiment registered lofty readings of +78 this week. Could this be industry optimism at its peak?
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 +78, up a point over the past two weeks and not far from its all-time high of +84 in early September.
