SMU Data and Models
September 1, 2022
SMU Steel Buyers Sentiment Index Remains Optimistic
Written by Brett Linton
Steel Market Update’s (SMU) Steel Buyers Sentiment Index inched up through the end of August data, while our Future Steel Buyers Sentiment Index slightly declined.
The latest Sentiment Index is in line with our two previous readings over the last month. Future Sentiment is now at the fourth lowest level of the year, just behind the late June and July readings. Comments from buyers remain overall optimistic, yet cautious as recession fears and weakening demand worries linger.
