SMU Data and Models
July 8, 2022
SMU Steel Buyers Sentiment Index: Dead Cat Bounce?
Written by Brett Linton
Steel Market Update’s Steel Buyers Sentiment Index rose one 1 this week, inching up from the 18-month low seen in late June. Our Future Sentiment Index also recovered a few points from a significant decline in June. It rose 3 points this week.
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 +60 this week, down from +70 one month prior and down from a peak of +82 in late March.
