SMU Data and Models
August 1, 2019
Service Center Spot Pricing: Big Upturn in Momentum
Written by John Packard
Price momentum has shifted dramatically in the steel spot market since mid-June following three price increase announcements by the major mills. Both service centers and their customers report rising prices in today’s marketplace.
As seen in the chart below, 81 percent of the service centers polled by Steel Market Update just six weeks ago said they were lowering prices to customers. Last week, only 8 percent said they were offering lower prices, while the majority, 51 percent, said they are raising prices.
