SMU Steel Buyers Sentiment Index: Have We Seen the Peak?

Thursday, April 20, 2017 9:01 PM Written by 

The Steel Market Update (SMU) Steel Buyers Sentiment Index continues at very optimistic levels for those involved in the flat rolled steel industry in the United States and Canada. At the same time, our index is no longer making new high’s either as a single data point or on our three-month moving average (3MMA).

SMU Steel Buyers Sentiment Index measures how buyers and sellers of flat rolled steel feel about their company’s ability to be successful in the existing market environment (Current Sentiment) as well as three to six months into the future (Future Sentiment). We explain our point system at the end of this article but the short view is anything referenced as a positive (+) number is considered part of the optimistic portion of our index.

Looking at both indices, from a single data point perspective produced this week, both indices are being reported at +72.

Looking at the +72 from our Current Sentiment Index perspective it is -3 points lower than what we reported at the beginning of April 2017. It is +1 point better than one year ago.

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John Packard

John Packard is the President and Publisher of Steel Market Update. Since 1977, he has been an active participant in the flat rolled steel business in North America. His background provides the unique flavor and quality of Steel Market Update. John has held positions in the service center, steel mill and trading company segments of the flat rolled steel industry. John founded Steel Market Update, Inc. in August 2008. John can be reached via email at: or by phone: 800-432-3475.

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