SMU Data and Models
September 3, 2015
Steel Mill Negotiations: More Willing than Just a Few Weeks Ago
Written by John Packard
Steel mills in the United States are more willing to negotiate flat rolled steel prices on essentially all products than they have been over the past three or four months. This statement is based on the results of our most recent flat rolled steel market analysis which was just completed earlier today.
Ninety-seven percent of our respondents reported the domestic mills as willing to negotiate hot rolled prices. This is 17 percentage points higher than our last survey during the middle of August. We did see hot rolled prices slip again this week as at least one EAF mill has gotten aggressive for orders of 1,000 tons or greater.
