SMU Data and Models
September 26, 2019
Steel Mill Negotiations: It's a Buyer's Market
Written by Tim Triplett
It has clearly become a buyer’s market as the vast majority of service centers and OEMs polled by Steel Market Update now report the mills actively negotiating spot prices as necessary to win orders of all types of steel products.
In the hot rolled segment, 92 percent of respondents to SMU’s market trends questionnaire earlier this week said the mills were open to price talks on HR, up more than 20 percentage points from a month ago. Just 8 percent said their mill suppliers were still holding the line on prices.
