Pricing is Hard Work and it Should Be Hard Work

Written by: John Packard

Steel Market Update (SMU) ran a number of articles concerning the tepid support service centers were giving spot price increases into the manufacturing segment of the industry. SMU surveys the industry twice per month and our most recent steel survey was capturing a very modest push by service centers to take their spot prices up – which is not normal after the domestic mills announce a price increase (usually service center will move their spot prices in strong support of the mill price increases if they believe they will “stick”).