SMU Data and Models
December 19, 2018
Steel Mill Negotiations: Mills in a Dealmaking Mood
Written by Tim Triplett
With steel prices continuing to decline, steel buyers remain in a strong negotiating position.
Twice each month Steel Market Update canvasses the flat rolled and plate steel markets to gauge whether the steel mills are willing to work with their steel buying customers and negotiate steel pricing for orders placed this week. At least nine out of 10 respondents to SMU’s latest market trends questionnaire report that the mills are open to price discussions on spot orders of hot rolled, cold rolled, galvanized and Galvalume steel products.
