SMU Data and Models
July 9, 2015
Steel Survey Reports Mixed Results Regarding Mill Negotiations
Written by John Packard
Steel Market Update (SMU) continues to collect data from manufacturing and distributors suggesting that the domestic steel mills are willing to negotiate flat rolled steel pricing for new spot orders.
The weakest product is hot rolled steel where 76 percent of our respondents reported the mills as willing to negotiate steel prices. Prior to this latest survey and going back to the month of May we were seeing the percentages as being slightly lower (see graphic below).
