SMU Data and Models
December 8, 2015
Distributor Spot Sale Prices Suggest Price Increase Imminent
Written by John Packard
Steel Market Update (SMU) has been analyzing service center spot pricing based on reports from manufacturing and distribution respondents to our flat rolled steel market questionnaire. SMU canvassed the market last week and we believe that the results suggests an uptick in spot pricing will come soon.
Manufacturing companies responding to our survey had 90 percent of their respondents reporting lower spot prices out of their service center suppliers. Manufacturers have been reporting their distributors as lowering spot prices in each of the past four survey periods (2 months).
