SMU Data and Models
October 10, 2019
Steel Mill Negotiations: Wide Open
Written by Tim Triplett
More than nine out of 10 steel buyers responding to Steel Market Update’s market trends questionnaire this week agree that mills are willing to negotiate spot prices on all types of steel products to secure orders in the current, difficult market environment.
In the hot rolled segment, 96 percent of respondents said the mills were open to price talks on HR, up another four percentage points from mid-September. Just 4 percent said their mill suppliers were still holding the line on prices.
