SMU Data and Models
June 10, 2022
SMU Steel Buyers Sentiment Index Steady, 3MMAs Decline
Written by Brett Linton
Steel Market Update’s Steel Buyers Sentiment Index remained unchanged last week, holding steady at the third-lowest level seen in the past 13 months. Our Future Sentiment Index also remains unchanged compared to our late-May reading (which was the largest survey-to-survey decline since March 2020).
SMU surveys steel buyers every other week and asks how they view their chances of success in the current market and a few months down the road. SMU’s Buyers Sentiment Index registered +70 last week, down from +78 one month prior and down from a peak of +82 in late March.
