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    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.

    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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