SMU Data and Models
May 23, 2019
Steel Mill Negotiations: Wide Open
Written by Tim Triplett
Steel Market Update data on negotiations and pricing corroborate the same trend. More than eight out of 10 flat rolled steel buyers responding to SMU’s market trends questionnaire this week reported that the mills are willing to talk price to win their business. Thus, it’s no surprise that steel prices continue to move lower.
About 91 percent of respondents said the mills are open to price negotiations on hot rolled, up from 89 percent two weeks ago. Just 9 percent said the mills are currently holding the line on HR.
