SMU Data and Models
March 10, 2019
Distributors Beginning to Move Spot Prices to End Users
Written by John Packard
Flat rolled steel service centers are beginning to support the concept of higher steel prices. Distributors are raising spot pricing to their end-user customers, and in the process, they are supporting the domestic steel mill flat rolled price increase announcements.
Steel Market Update canvasses the flat rolled and plate steel markets twice a month through the use of a questionnaire to end users, service centers, steel mills and trading companies. One of the important elements of our survey is to ask the manufacturing companies as well as the flat rolled steel distributors how service centers are handling spot pricing to the end users.
