SMU Data and Models
October 6, 2016
Steel Mill Negotiations: Lets Make a Deal
Written by John Packard
With the short lead times we reported earlier in this issue, the buyers and sellers of flat rolled steel are almost unanimously reporting the steel mills as willing to negotiate hot rolled, cold rolled, galvanized and Galvalume steel prices.
We found 97 percent of those responding to our survey reporting mills as willing to negotiate hot rolled prices. This is the same as two weeks ago. We have to go back to early July to get the number at, or below, 50 percent.
