SMU Data and Models
March 23, 2017
Steel Mills Somewhat Willing to Negotiate HR, CR, GI Pricing
Written by John Packard
The aggressiveness of the flat rolled steel mills was minimal on Galvalume steels this week but other products appear to be open for discussion, according to those taking the SMU flat rolled market trends analysis survey just completed earlier today (Thursday, March 23, 2017).
We found 47 percent of our respondents reporting the domestic mills as willing to negotiate HRC pricing. This is up from the 33 percent level we reported at the beginning of March. At the same time, it is a long way away from the 79 percent we saw one month ago.
