SMU Survey: Steel Buyer Sentiment Indices soften

SMU’s Steel Buyers’ Sentiment Indices eased this week, both approaching multi-year lows.

Current Sentiment declined for the second survey in a row, now just two points above the near five-year low seen in late June. Future Sentiment broke its multi-month climb, retreating from a four-month high. Both indices continue to show that buyers remain optimistic for their company’s business prospects, though much less confident than they were earlier this year.