SMU Data and Models
December 8, 2016
Steel Mills Taking Much Firmer Stand on Steel Price Negotiations
Written by John Packard
According to those participating in this week’s flat rolled steel market trends survey the domestic steel mills are taking a firm stance to price negotiations. Since the first price increase announcements were made in late October the percentage of steel buyers reporting the mills as willing to negotiate prices has dropped from a high of 100 percent on hot rolled in mid-October to only 23 percent today.
We are seeing similar results with other flat rolled products as well.
