SMU Data and Models
March 9, 2017
Steel Mills Less Willing to Negotiate Steel Prices
Written by John Packard
Flat rolled steel mills have become less enthusiastic about negotiating prices for new orders of hot rolled, cold rolled, galvanized and Galvalume steels. Based on the results of the flat rolled steel market trends analysis coming out of the survey we have been conducting over the past four days.
We found 33 percent of the respondents to our survey described steel mills as willing to negotiate hot rolled prices. This is a significant move compared to the 79 percent we reported based on our mid-February analysis.
