SMU Data and Models
April 22, 2018
SMU Survey: Service Center Spot Price Trend Broken
Written by John Packard
According to manufacturing companies, as well as steel service centers, the steady trend for higher flat rolled steel spot prices out of the distributors is changing. For the past four months, at least 74 percent of distributors and their manufacturing customers have been reporting spot flat rolled prices as rising.
The 46 percent of the service centers currently reporting higher spot prices to their end customers is 33 percent lower than what was reported at the beginning of April and 54 percent lower than mid-March 2018.
