SMU Data and Models
March 22, 2018
Steel Mill Negotiations: Mills Stand Firm
Written by Tim Triplett
With President Trump’s steel tariff set to kick in on Friday, domestic steelmakers remain in a strong pricing position. Buyers responding to this week’s SMU market trends questionnaire reported most mills unwilling to bend much when it comes to steel product prices, except in some cases for large orders.
By market segment, 91 percent of SMU respondents said the mills are holding firm on hot rolled steel prices, while only 9 percent have found mills willing to negotiate—about the same as two weeks ago.
