SMU Data and Models
November 29, 2022
SMU Buyers Sentiment Index Jumps to 5-Month High
Written by Brett Linton
Steel Market Update’s (SMU) Steel Buyers Sentiment Index surged 13 points last week and now stands at a five-month high. Our Future Buyers Sentiment Index also increased, up three points to one of the highest readings since May. Buyers Sentiment had peaked earlier this year, then trended downward through mid-November, always remaining in positive territory.
SMU’s Buyers Sentiment Index measures how steel buyers feel about their company’s ability to be successful in the current market, as well as three to six months down the road. Every other week we poll steel buyers about sentiment, with historical data going back to 2008.
