SMU Data and Models
May 3, 2022
SMU Steel Buyers Sentiment Index Still Strong, Future Expectations at Record High
Written by Brett Linton
Steel Market Update’s Steel Buyers Sentiment Index rose 2 points last week, in line with the strong levels we’ve seen over the last six weeks. Our Future Sentiment Index rose to a new high, surpassing a prior record set in November 2021.
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 +80 last week, up 2 points from two weeks prior, but down from the five-month high seen in late March. Current Sentiment is now at the second highest level recorded in 2022.
