SMU Data and Models
August 15, 2019
Service Center Spot Pricing: Some Staying Power
Written by John Packard
The upturn in steel prices appears to have some staying power as both service centers and their manufacturer customers reported rising prices in the first half of July, according to findings from Steel Market Update’s latest market trends questionnaire.
As seen in the chart below, the majority of service centers (54 percent) said they are raising prices to their customers, up from just 18 percent last month. Nearly all the rest are holding the line on prices. Only 2 percent admit they continue to discount to secure sales.
