SMU Data and Models
October 4, 2018
Steel Mill Negotiations: Most Willing to Talk Price
Written by Tim Triplett
When it comes to haggling over steel prices with the mills, buyers retain a strong bargaining position. Steel Market Update tracks how buyers and sellers of flat rolled steel represent the mill negotiation position. More than eight out of 10 buyers report that mills are willing to negotiate spot prices on new orders placed this week for hot rolled, cold rolled steel and coated products.
According to respondents to this week’s Steel Market Update market trends questionnaire, 88 percent of hot rolled buyers said they have found mills willing to talk price, about the same as a month ago but double the 43 percent in mid-July.
