SMU Data and Models
May 17, 2018
Steel Mill Negotiations: More Room to Talk Price?
Written by Tim Triplett
Steel mills appear slightly more willing to negotiate spot prices on hot rolled, cold rolled and coated steel than a month ago, according to respondents to this week’s Steel Market Update market trends questionnaire. “They will negotiate, but from a high number,” commented on service center executive. “It depends on the mill, but most are still holding firm,” added another.
Every two weeks, in a proprietary poll, SMU tracks how buyers and sellers of flat rolled steel represent the mill negotiation position. The latest data shows some mills may be somewhat more willing to talk price, though the majority continue to hold the line.
