Market Data
May 31, 2022
SMU Steel Buyers Sentiment Index Dips, Future Expectations Fall
Written by Brett Linton
Steel Market Update’s Steel Buyers Sentiment Index fell 8 points last week, now at the third-lowest level seen in the past 13 months. Our Future Sentiment Index fell 16 points, the largest survey-to-survey decline since March 2020 (when sentiment fell in response to the Covid pandemic).
SMU surveys buyers every two weeks and asks how they view their chances of success in the near and longer term. SMU’s Current Sentiment Index registered +70 last week, now the lowest reading since early March.
