SMU Data and Models
September 12, 2019
Steel Mill Negotiations: Pendulum Swings in Buyers' Favor
Written by Tim Triplett
The pendulum appears to have swung back in buyers’ favor as service centers and OEMs report most mills willing to negotiate to secure spot orders of all types of steel products.
In the hot rolled segment, 82 percent of respondents to Steel Market Update’s market trends questionnaire this week said the mills were open to price talks on HR, up from 71 percent earlier in the month. Just 18 percent said their mill suppliers were holding the line.
