SMU Data and Models
July 8, 2018
Steel Mill Negotiations: Price Talks Mixed
Written by Tim Triplett
Steel mills appear slightly more willing to negotiate spot prices on cold rolled and less open to price discussions on hot rolled, galvanized and Galvalume products, according to respondents to last week’s Steel Market Update market trends questionnaire. Every two weeks, in a proprietary poll, SMU tracks how buyers and sellers of flat rolled steel represent the mill negotiation position.
By market segment, 18 percent of hot rolled buyers said they have found mills willing to negotiate, up from 14 percent one month ago. Most, 82 percent, said the hot rolled mills are still standing firm.
