SMU Data and Models
August 20, 2015
Steel Mills Continue to Negotiate Flat Rolled Steel Pricing
Written by John Packard
Based on the results of our latest flat rolled steel market analysis (survey) the U.S. and Canadian steel mills continue to be willing to negotiate prices of hot rolled, cold rolled, galvanized and Galvalume steels.
Benchmark hot rolled, which has been hit especially hard by the drought in orders from the energy markets, had 80 percent of our respondents reporting the mills are willing to negotiate prices this week. This is the same as what was reported at the beginning of the month and the mills are being slightly more agreeable to flexible steel pricing than what was measured during the months of May, June and July.
