Steel Products
September 15, 2019
Service Center Spot Pricing: Looking Down
Written by John Packard
Any upward momentum the mills may have seen from their price increases earlier this summer has apparently run its course. Service centers are no longer supporting higher prices, according to findings from Steel Market Update’s latest market trends questionnaire.
As seen in the chart below, none of the service center executives responding to SMU’s poll said they are still raising prices. Roughly two out of three said they are holding the line, but nearly one-third admit they are now lowering prices to close the sale.
