Steel Buyers Tell SMU: Steel Mills Anxious to Negotiate Pricing

SMU spoke with a service center executive earlier today. During our conversion this Midwest based service center expressed his opinion regarding the ability to negotiate domestic steel prices in the current market environment when he told us, “I am beginning to think that with a firm bid you could get a better deal domestically than what you would get if you went foreign.”

In our HARDI galvanized steel conference call held earlier this week we heard from a number of wholesalers who reported the mills as, “…more willing to negotiate and we are seeing prices that we have not seen since 2008.”