SMU Data and Models
December 17, 2015
Steel Mills Standing Behind Announcements Less Willing to Negotiate Pricing
Written by John Packard
There was a significant change in the willingness of the domestic steel mills to negotiate pricing with their customers after the price announcements were made. According to the results of this week’s flat rolled market analysis conducted by Steel Market Update all products saw the percentage of those reporting the mills as willing to negotiate as dropping.
Our market analysis, which only two weeks earlier saw 89 percent of those responding to our questionnaire reporting the mills as willing to negotiate hot rolled pricing, this week only 32 percent saw the market the same way.
