Service Centers
April 10, 2016
Service Center Support for Spot Pricing Helping Mills Take Pricing Higher
Written by John Packard
Manufacturing companies were almost unanimous when asked what service centers were doing with prices to them right now. Eighty one percent of the manufacturing companies responding to our survey reported distributors as raising prices. As you can see by the graphic below this is a tremendous change in price direction and market pricing momentum. It is also SMU opinion that by raising spot prices to their customers service centers are also supporting the price increases being demanded by the domestic steel mills.
