Steel Products
August 13, 2019
Market Reacts to U.S. Steel's No-Index Contract
Written by Tim Triplett
As with any mill announcement, be it price, changes in production or in the case of the U.S. Steel’s announcement about how they are going to handle contracts going forward, there are always mixed opinions from steel buyers and from the other steel mills. This afternoon, Steel Market Update, as an index provider, spent a fair amount of time speaking with steel buyers and steel mills trying to gather initial reactions to U.S. Steel’s plan not to use index-based contracts beginning in 2020.
Steel Mills’ Reaction
