SMU Data and Models
June 5, 2016
SMU Survey Respondents on More Price Increases/Demand
Written by John Packard
Last week Steel Market Update conducted our early June flat rolled steel market trends analysis. Besides gathering data regarding how buyers and sellers of flat rolled steel feel about their company’s ability to be successful (SMU Steel Buyers Sentiment Index) we also asked questions about pricing, demand, buying patterns, foreign steel, lead times and negotiations. We posted the results on Friday for our Premium level members and those who participated in the survey.
Over the past few surveys we have been asking our respondents if they expect the domestic steel mills to raise prices within the next 30 days. We found the results from last week quite interesting as many buyers and sellers of steel are beginning to think that the pace of mill increases may be waning.
