SMU survey: Steel buyers' optimism waning

SMU’s Steel Buyers’ Sentiment Indices moved in differing directions this week. Both indices have generally trended downward this year but continue to indicate optimism among steel buyers.

Current Buyers’ Sentiment has been bouncing around for the past few months. It rose four points this week after hitting a multi-year low in our previous survey. Future Buyers’ Sentiment slipped nine points from late July and is now at a 14-month low.

Steel Buyers Sentiment

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.

Brett Linton

Latest in Market Data

Nucor ups HR coil CSP to $1,230/ton

Drilling activity eases in the US, moves higher in Canada

SMU Survey: Current Buyers’ Sentiment Index declines, Future Sentiment flat

SMU flat-rolled market survey results now available

Chicago Business Barometer back to growth in September