SMU Data and Models
October 2, 2022
Slight Uptick in SMU's Steel Buyers Sentiment Index
Written by Brett Linton
Steel Market Update’s (SMU) Steel Buyers Sentiment Index saw a slight uptick this week. The modest gain follows a double-digit decline two weeks prior.
Industry sentiment has trended downward since May, with continued concerns about demand, profitability, high-cost inventory, and recession. Despite the increased gloom, SMU’s Future Steel Buyers Sentiment Index also bounced back this week, rising 12 points from mid-September – which saw one of the lowest readings in the past two years.
