SMU Data and Models
June 20, 2019
Steel Mill Negotiations: Still Wide Open
Written by Tim Triplett
Steel price negotiations have been wide open for the past two months and there is no sign of that changing in Steel Market Update’s latest data. More than nine out of 10 steel buyers responding to SMU’s market trends questionnaire this week reported that the mills are still willing to negotiate on flat rolled and plate steel prices.
The percentages have seen little change in the past two weeks. About 93 percent of respondents said the mills are open to price negotiations on hot rolled. Just 7 percent said the mills are currently holding the line on HR.
