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    Prices

    March 17, 2023

    SMU Future Buyers Sentiment Index Sinks, Current Sentiment Level

    SMU’s Steel Current Buyers Sentiment Index stayed level, whiile the Future Buyers Sentiment dropped off steeply, according to SMU’s most recent survey data.

    SMU’s Steel Buyers Sentiment Indices measure 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. We have historical data going back to 2008.

    Latest in Prices

    Mills seek more scrap after lower prices fail to attract tons

    Several mills that bought October scrap early last week are still asking for additional supplies, scrap market participants said. The reason: the mills' initial prices did not attract enough of the raw material, they said. A trading source based in northern Ohio said three mills have contacted his firm seeking offers for additional tons. He said the mills asked for offers even if prices were higher than their original buys last week.