SMU Data and Models
November 9, 2014
SMU Survey Results: Steel Mill Negotiations
Written by John Packard
Based on the responses from last week’s Steel Market Update survey of the flat rolled steel market, buyers and sellers of steel reported the domestic steel mills as less willing to negotiate steel prices than what we saw during the middle of October. However, even though the percentages were smaller, the majority of buyers and sellers of steel still were reporting the mills as willing to discuss prices on hot rolled, cold rolled, galvanized and Galvalume steels.
Hot rolled went from 94 percent of our respondents reporting the mills as willing to negotiate down to 68 percent.
