SMU Survey: How Much of the Increase Has Been Collected?

Last week, Steel Market Update conducted our mid-July flat rolled and plate steels market trends analysis. We invited 480 individuals representing 450+ companies to participate in our questionnaire. We intentionally concentrate on inviting manufacturing (40 percent last week) and service centers (45 percent last week) as well as steel mills, trading companies and toll processors (each were 5 percent last week). Most of the respondents are associated with the purchasing side of their business.

We asked the following question: “The flat rolled mills have announced $120 per ton ($6.00/cwt) of price increases, how much of the increase has stuck so far?”