SMU Data and Models
June 7, 2018
Steel Mill Negotiations: More Holding Firm on Price
Written by Tim Triplett
Steel mills appear less willing to negotiate spot prices on hot rolled, cold rolled and coated steel than two weeks ago, according to respondents to this week’s Steel Market Update market trends questionnaire, perhaps reflecting events on the trade front. Mills may anticipate less competition from imports as a result of Trump’s tariffs.
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 suggests fewer mills are willing to talk price today.
