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    March 28, 2024

    SMU survey: Steel Buyers' Sentiment slips to 16-month low

    Written by Brett Linton

    SMU’s Current Steel Buyers’ Sentiment Index fell again this week and now stands at its lowest reading recorded since October 2022. Our Future Sentiment Index also declined and is in line with levels seen at the start of the year. Though down, both indices continue to indicate optimism among steel buyers.

    Every other week, we poll steel buyers about their companies’ chances of success in the current market as well as three to six months down the road. We use this information to calculate our Current Steel Buyers’ Sentiment Index and our Future Sentiment Index. (We have historical data dating to 2008. You can find that here.)

    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.

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