SMU Data and Models
November 19, 2015
Domestic Mill Steel Price Negotiations: Everybody’s Still Talking…
Written by John Packard
Based on the results of this week’s flat rolled steel market analysis (survey) conducted by Steel Market Update (SMU) the flat rolled steel mills continue to aggressively pursue orders by negotiating spot prices on hot rolled, cold rolled, galvanized and to a slightly lesser extent, Galvalume.
As you can see by the graphic shown below, 91 percent of those responding to our questionnaire reported the domestic mills as willing to discuss hot rolled prices. This is essentially in line and unchanged from what we gathered at the beginning of this month and just slightly lower than the 97 percent reported one month ago.
