SMU Data and Models
March 15, 2018
Distributors Supporting Higher Steel Spot Prices
Written by John Packard
Last week, Steel Market Update conducted an analysis of the flat rolled steel market trends. We reached out to 640 individuals representing more than 600 manufacturers, steel service centers and wholesalers, steel mills and toll processors and asked dozens of questions related to flat rolled and plate steel usage.
One of the key areas of our inquiry was what steel service centers are doing regarding spot prices to their customers. Specifically, we asked both manufacturing companies and distributors whether service centers were raising, lowering or keeping spot prices the same as two weeks ago (the last time we inquired).
