SMU Data and Models
April 18, 2019
Steel Mill Negotiations: Prices in Play on All Products
Written by Tim Triplett
Mills are willing to talk price on all types of steel products to get the orders, report the vast majority of buyers responding to Steel Market Update’s questionnaire this week. Corroborating the trend, SMU data shows steel prices moving downward or sideways, raising questions about current steel demand.
About 86 percent of respondents said the mills are open to price negotiations on hot rolled, up from 76 percent two weeks ago. Just 14 percent said the mills are currently holding the line on HR.
