SMU Data and Models
November 5, 2015
Steel Mill Negotiations: Let's Make a Deal
Written by John Packard
Our flat rolled steel survey respondents reported the domestic steel mills as willing to negotiate flat rolled steel prices on virtually every product.
The results of our flat rolled steel market analysis conducted throughout this week saw 93 percent of our respondents reporting benchmark hot rolled pricing as being negotiable. This is just about the same as what we have been reporting over the past 6 weeks.
Those responding to inquiries about cold rolled were unanimous in the opinion that CR prices are negotiable at the domestic mills. This is up 8 percent and is in line with what we have been reporting over the past 6 weeks or so.
