SMU Data and Models
October 28, 2022
SMU Steel Buyers Sentiment Index Ticks Up
Written by Brett Linton
After ticking downward in the middle of October, Steel Market Update’s (SMU) Steel Buyers Sentiment Indices both saw marginal increases this week. Buyers Sentiment has trended downward overall since May, with buyers concerned about high inventory costs, dismal demand, and a slowing economy.
SMU’s Buyers Sentiment Index attempts to measure how steel buyers feel about their company’s ability to be successful in today’s market, as well as three to six months in the future. Every other week we poll hundreds of steel buyers regarding sentiment, with historical data going back to 2008.
