SMU Data and Models
June 24, 2022
SMU Steel Buyers Sentiment Index Dips to 18-Month Low
Written by Brett Linton
Steel Market Update’s Steel Buyers Sentiment Index fell 11 points to an 18-month low last week, the largest survey-to-survey decline since April 2020. Our Future Sentiment Index also declined significantly last week, following another large decline four weeks prior.
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 +59 last week, down from +70 one month prior and down from a peak of +82 in late March.
