SMU Data and Models
December 10, 2021
SMU Steel Buyers Sentiment: Optimism Unchecked by Price Decline
Written by Tim Triplett
With 2022 just around the corner, steel buyers are looking back at one of the most profitable years in their history – thanks to all-time-high steel prices seen in 2021. That explains some of the staying power of lofty readings in Steel Market Update’s Sentiment Index.
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 +75, up two points over the past two weeks, and just nine points away from the all-time high of +84 in early September.
