SMU Data and Models
October 9, 2014
SMU Survey Results: Steel Mills More Willing to Negotiate Pricing
Written by John Packard
Based on the responses received from our SMU flat rolled steel survey conducted this week, we have learned that the domestic steel mills have become more willing to negotiate flat rolled steel prices than they were in mid-September. We also learned the mills are more willing to discuss pricing than they have been going back all the way to June/July 2014.
Sixty-eight percent of our respondents reported steel mills as willing to negotiate hot rolled pricing. This is a little higher than the 56 percent reported in mid-September and is the highest percent going back to the first week of July 2014.
