SMU Survey: Buyers’ Sentiment Indices indicate optimism

SMU’s Steel Buyers’ Sentiment Indices both increased this week to multi-month highs. The Current Steel Buyers’ Sentiment Index ticked up to the highest measure seen since last March, and the Future Buyers’ Sentiment Index has risen to one of the highest rates seen in almost a year.

Both Sentiment Indices continue to reflect that steel buyers are optimistic about their businesses’ ability to be successful, with greater confidence today than we have seen in the prior 10 months.