Steel Products
August 13, 2019
U.S. Steel: No Index-Based Pricing in 2020 Contracts
Written by Tim Triplett
U.S. Steel is planning a fundamental change in the way it goes to market, informing its salesforce this week that it will no longer use index-based pricing effective with its 2020 contracts. Should other mills follow suit, the move has wide-ranging implications for steel prices and the way contracts are negotiated.
In an Aug. 13 letter to its North American Flat-Rolled Sales Organization, the company stated the following:
