SMU Data and Models
December 4, 2014
SMU Survey Results: Steel Mills Willing to Negotiate Pricing
Written by John Packard
Based strictly on the results from our Steel Market Update flat rolled market survey results, domestic steel mills are willing to negotiate prices on hot rolled, cold rolled, galvanized and Galvalume products. This is something that we see on a regular basis as lead times slip and the need for orders increases at the domestic mills.
Eighty-three percent of those surveyed reported the domestic steel mills as willing to negotiate hot rolled prices this week, this represents an increase of 13 percent from the middle of November. What a difference a year makes! In the first week of December last year, 35 percent reported the mills as being willing to negotiate HRC pricing.
