SMU Data and Models
September 8, 2016
Steel Mills Willing to Negotiate Flat Rolled Spot Pricing
Written by John Packard
With lead times shrinking on hot rolled, cold rolled, galvanized and Galvalume steels it would be normal to collect data suggesting the domestic steel mills are becoming more negotiable on the spot pricing. The following information was gathered through our flat rolled steel market trends analysis over the past six days.
We found that the majority of our respondents were finding the domestic steel mills willing to negotiate pricing. The percentage of those responding that HRC was now negotiable went from 83 percent two weeks ago to 100 percent now.
