SMU Data and Models
November 11, 2018
SMU Market Trends: Mills Unsuccessful in Collecting Price Increase
Written by Tim Triplett
Nearly nine out of 10 of the steel buyers responding to Steel Market Update’s market trends questionnaire earlier this week believe the domestic mills will be unsuccessful in their attempts to collect the $40 price increased they announced this time last month.
Since those announcements, flat rolled steel prices are little changed, if not down marginally. According to Steel Market Update data, the price of hot rolled has moved from around $805 to $795 per ton, cold rolled is unchanged at $920 per ton, and galvanized has declined by about $20 to a price of $910 per ton.
