SMU Data and Models
October 25, 2015
Capitulation!
Written by John Packard
Last week Steel Market Update conducted our mid-October flat rolled steel market analysis. We invited almost 600 companies to participate in our questionnaire which is focused on tracking trends affecting flat rolled steel buyers and users.
In our opinion, one of the most valuable pieces of information coming out of our market analysis is the responses we get from manufacturing companies and steel distributors regarding service center spot pricing. We believe service center spot prices can help forecast future steel mill price moves and whether mills will be able to collect price increases based on the support the distributors give to collecting (or not) higher prices from their spot customers.
