SMU Data and Models
August 21, 2014
SMU Steel Survey: Steel Mill Negotiations
Written by John Packard
Based on our latest Steel Market Update analysis of the flat rolled steel markets, we are learning that the domestic steel mills were more willing to negotiate galvanized and Galvalume pricing than hot rolled and cold rolled steel pricing.
The largest movement we saw was on Galvalume where 64 percent of our respondents reported the mills as being willing to negotiate pricing this week. This is up from the 40 percent reported at the beginning of August.
