SMU Data and Models
November 10, 2013
SMU Survey: Service Center Support for Price Increases Grows
Written by John Packard
Service centers are attempting to collect higher flat rolled spot steel prices from their end user customers and each other. Steel Market Update has seen a dramatic rise in the percentage of service centers raising spot prices to their customers during the last 30 days.
Based on responses from service centers the percentage of distributors reporting their company as raising prices as of the first week of November more than doubled since the first week of October (68 percent vs. 32 percent).
