Steel Products
October 1, 2019
Service Center Spot Pricing: No Capitulation Yet
Written by John Packard
Two out of three service centers responding to Steel Market Update’s market trends questionnaire last week admit they are lowering spot prices to secure sales in the current market environment. Based on feedback from their customers, that figure (67 percent) may be conservative.
As seen in the chart below, none of the service center executives responding to SMU’s last two polls said they are still raising prices (no green bars). Twice as many said they are lowering prices, while half as many said they are holding the line, compared with data gathered in early September.
