SMU Data and Models
February 18, 2022
SMU Steel Buyers Sentiment: More Resilient Than Prices
Written by Tim Triplett
Despite the fact that steel prices have plunged since last fall, industry sentiment has not fallen nearly as sharply and remains at a highly optimistic level – a positive sign for the first half of the year.
Steel Market Update 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 +70 this week, up 2 points since early February. Future Sentiment – which measures buyers’ feelings about their prospects three to six months in the future – also inched up 2 points to +66 on the 100-point scale.
