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    October 14, 2022

    SMU Steel Buyers Sentiment Indices Slightly Ease Through October

    Written by Brett Linton

    Steel Market Update’s (SMU) Steel Buyers Sentiment Indices both saw slight declines this week, following modest gains two weeks prior. Sentiment has trended downward overall since May, with buyers attributing their dismal outlooks to weakening demand, high inventory costs, and recession concerns.

    SMU’s Buyers Sentiment Index measures how steel buyers and sellers feel about their company’s ability to be successful, in both today’s market as well as three to six months down the road. We poll hundreds of steel buyers every other week regarding sentiment, with historical measures going back to 2008.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

    Read more from Brett Linton

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