SMU Survey: Steel Buyers’ Sentiment Indices see modest recovery

SMU’s Buyers’ Sentiment Indices both improved this week, reversing the decline seen two weeks ago. Despite this volatility, both indices continue to reflect optimism among steel buyers for their companies’ ability to be successful today as well as in the near future.

Our Current Sentiment Index, previously at a three-month low, snapped back this week to highest measure recorded since mid-March. While still strongly optimistic, Current Sentiment reflects that buyers are slightly less confident about their businesses prospects than they were back in February and March.