SMU Data and Models
March 6, 2016
Steel Buyers Report Steel Mills as Less Willing to Negotiate Pricing
Written by John Packard
Buyers and sellers of flat rolled steel reported to Steel Market Update this past week that the domestic steel mills are less willing to negotiate steel prices. We believe this is due to strengthening order books, extending lead times, positive Sentiment and improving demand.
The only product not following the rest of the market is hot rolled steel which 74 percent of our respondents reported as the one product being considered negotiable when dealing with the steel mills. When looking back to the first week of January we had 43 percent of our respondents reporting HRC pricing as negotiable.
