Steel Products Prices North America
September 29, 2013
Contract Pricing Negotiations Continue
Written by John Packard
Steel Market Update (SMU) has received a large number of comments and inquiries regarding the subject of contract negotiations between the domestic steel mills and their end user and service center customers. Here are some samples:
“I think the bucket deals are gone and the 6 percent deals are gone. I think the mills are very serious,” is what one Midwest based service center executive told SMU during a phone conversation late last week. He went on to tell us that end users who were not getting huge discounts will probably see a rollover in their flat rolled steel pricing. Also, products such as prepainted steels may also see rollovers in their pricing as there are more extras involved than on basic hot rolled or cold rolled coils.
