SMU Data and Models
July 23, 2015
Steel Mill Negotiations: Sideways Except Galvalume
Written by John Packard
Last week, Steel Market Update adjusted our Price Momentum Indicator to Neutral from Higher. A portion of that change was due to the domestic steel mills continuing to be willing to negotiate flat rolled steel pricing.
In this week’s flat rolled steel market analysis, those responding to our questionnaire reported all but Galvalume as being highly negotiable (70 percent level or higher). Hot rolled (73 percent, cold rolled (77 percent) and galvanized (76 percent) improved modestly during the month of May and have essentially trended sideways since.
