SMU Data and Models
February 23, 2014
Domestic Mill Spot Negotiations
Written by John Packard
All flat rolled steel prices, with the exception of cold rolled (and plate which we do not currently measure), were reported as being more negotiable at the domestic mills this past week. This result is based on the Steel Market Update proprietary flat rolled steel market survey which was concluded last Thursday (February 20th).
Eighty-eight percent of our survey respondents reported the domestic mills as being willing to negotiate hot rolled prices. This is higher than the 76 percent reported at the beginning of the month and a huge move since the beginning of the year when we measured negotiations on hot rolled at 35 percent.
