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    October 25, 2024

    SMU Survey: Current Steel Buyers' Sentiment slips to multi-year low

    Written by Brett Linton

    SMU’s Steel Buyers’ Sentiment Indices moved in opposing directions yet again this week. The Current Steel Buyers’ Sentiment Index fell to the lowest level recorded in over four years, while Future Buyers’ Sentiment rose to a six-week high. Despite these fluctuations, both indices continue to reflect optimism among steel buyers.

    Every two weeks, we survey hundreds of steel buyers about their companies’ chances of success in today’s market, as well as their business expectations three to six months down the road. We use this data to calculate our Current Steel Buyers’ Sentiment Index and Future Steel Buyers’ Sentiment Index, which we have tracked since SMU’s inception.

    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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