SMU Data and Models
January 20, 2022
SMU Steel Buyers Sentiment: Optimism Holding Steady
Written by Tim Triplett
Steel Buyers Sentiment, as measured by Steel Market Update, has seen little change in the past two months despite declining steel prices and concerns about the economy and COVID heading into 2022.
SMU surveys buyers every two weeks and asks how they view their chances of success in the near and longer term. SMU’s Current Sentiment Index registered +71 this week, down just 2 points since early January. Current Sentiment has been steady in the low to mid 70s since late November.
