SMU Data and Models
September 27, 2015
Steel Mills Continue to Negotiate Flat Rolled Steel Spot Pricing
Written by John Packard
According to the respondents to our recent flat rolled steel questionnaire concluded this past week, U.S. and Canadian steel mills continue to entertain adjusting (or negotiating) prices on hot rolled, cold rolled, galvanized and Galvalume steels.
The percentage of respondents who reported hot rolled pricing as negotiable dropped from 97 percent to 78 percent. Cold rolled dropped from 88 percent to 71 percent. Galvanized dropped from 87 percent to 81 percent while Galvalume increased from 67 percent to 83 percent.
