SMU Data and Models
February 8, 2018
SMU Market Trends: Negotiations Tighten on Hot Roll, Galvanized
Written by Tim Triplett
Suppliers of hot roll and galvanized products are less willing to talk price than they were in mid-January, reported steel buyers, as the mills seek to collect their latest price increases. Cold roll negotiations are unchanged, and Galvalume talks may have loosened a bit.
Overall, about 40 percent of respondents to Steel Market Update’s latest market trends questionnaire reported that mill order books are firm and there’s no negotiating on price. The other 60 percent said they have found some mills willing to negotiate to varying degrees.
