SMU Data and Models
March 21, 2019
Steel Mill Negotiations: Price Still on the Table
Written by Tim Triplett
Mills are still willing to negotiate on price, especially on hot rolled, even as they work to collect the two $40 per ton price increases they announced in January and February. In every product category except plate, the majority of respondents to Steel Market Update’s questionnaire this week reported mills willing to talk price.
Most notably, 78 percent of respondents said the mills are open to price negotiations on hot rolled, up double digits from the 56 percent in early March. Just 22 percent said the mills are currently holding the line on HR.
