Steel Products Prices North America
December 11, 2022
SMU Sentiment Index Dips From 5-Month High, But Remains Strong
Written by Brett Linton
After surging in late November to a five-month high, Steel Market Update’s (SMU) Steel Buyers Sentiment Index slipped three points through Dec. 8th. Our Future Buyers Sentiment Index also fell a few points from it’s previous high, down three points in comparison to two weeks prior. Buyers Sentiment remains strong overall, and Current Sentiment is well above where it was just a month ago.
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.
