Even with North America’s ongoing anti-dumping and countervailing efforts, increased coil steel production in the east with no increase in demand to accompany it means lower prices world-wide.
When compared with this time last year, Steel Market Update’s polling process for measuring buyers sentiment shows a 280% increase in optimism. Data collected from sales people, buyers, toll processors and steel mills allows SMU to provide us with an index of buyers sentiment today, as well as a forecast of business conditions to come.
Here is a link to SMU’s current sentiment index (pictured), along with data compiled since 2008. —-> click here
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