SMU Data and Models
June 23, 2019
Service Center Spot Pricing: Only a Matter of Time Now…
Written by John Packard
One thing is certain in this crazy steel market, service centers are taking their spot prices lower and lower as each week passes. Manufacturing companies are almost unanimous in their view that flat rolled steel distributors are decreasing their spot offers. We saw 93 percent of the manufacturing companies responding to last week’s SMU flat rolled and plate steel market trends questionnaire reporting service center spot prices as in decline compared to two weeks ago (see below). This represents an increase of 14 percentage points compared to the beginning of the month of June, and is 28 percentage points greater than one month ago.
