SMU Data and Models
February 1, 2022
SMU Market Trends: Optimists in the Majority
Written by Tim Triplett
Steel buyers remain a surprisingly bullish bunch despite rapidly declining steel prices as well as worries about COVID and the broader economy, .
Steel Market Update’s survey this week asked service center and manufacturing executives if they are optimistic or pessimistic about their prospects in the first half of 2022. About 64% considered themselves optimists versus 36% pessimists. That’s slightly more bearish than the 70:30 split in SMU’s survey two weeks ago, but it still says something positive about the steel market heading into February.
