SMU Data and Models
April 12, 2018
SMU SC Spot Pricing Index Showing Early Cracks in Price Foundation?
Written by John Packard
Since the beginning of the New Year, manufacturing companies and steel service centers have been reporting service center spot pricing to their end customers as rising. Just a few weeks ago, 100 percent of the manufacturers responding to our mid-March flat rolled steel market trends questionnaire reported distributor prices as rising. Last week, Steel Market Update conducted our early April analysis and we found 88 percent of the manufacturing companies still reporting distributor spot prices as rising.
