SMU survey: Steel Buyers' Sentiment Indices diverge

SMU’s Steel Buyers’ Sentiment Indices moved in different directions this week. Our Current Steel Buyers’ Sentiment Index eased to a six-week low, while Future Buyers’ Sentiment ticked up to a four-week high. Both of our Indices continue to indicate optimism among steel buyers.

Every other week, we poll hundreds of steel buyers on their companies’ chances of success in today’s market, as well as business expectations in three to six months. We use this information to calculate our Current Steel Buyers’ Sentiment Index and our Future Sentiment Index, measures tracked since SMU’s inception.