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    August 2, 2024

    SMU survey: Current Sentiment Index erases gain, Future Sentiment slips

    Written by Brett Linton

    Following an uptick in mid-July, SMU’s Steel Buyers’ Sentiment Indices both eased this week. Current Buyers Sentiment has been seesawing for the past few months, now back down to one of the lowest readings recorded since August 2020. Future Buyers’ Sentiment remains higher, indicating buyers have positive outlooks for future business conditions.

    Every other week, we poll steel buyers about their companies’ chances of success in today’s market, as well as business expectations three to six months down the road. We use this information to calculate our Current Steel Buyers’ Sentiment Index and our Future Sentiment Index, a measure we have been tracking since 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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