Steel Products
February 25, 2019
Steel Distributors Changing Spot Flat Rolled Pricing
Written by John Packard
Flat rolled steel service centers are beginning to believe a change in spot pricing is necessary. New data collected by Steel Market Update saw a precipitous decline in the percentage of distributors who were lowering their spot pricing to their flat rolled steel customers compared to a couple of weeks ago.
One of the proprietary indices created by Steel Market Update is our Service Center Spot Pricing Index. The purpose of the index is to discover how flat rolled steel service centers are handling pricing on spot sales to their end customers. The data collected comes from our flat rolled and plate steel market trends survey which SMU conducts twice per month. Our last analysis was completed last week (February 22).
