SMU Data and Models
January 23, 2020
Steel Mill Negotiations: Most Products Continue to See Prices as Somewhat Negotiable
Written by Tim Triplett
Negotiations between steelmakers and steel buyers on new spot orders appear to have loosened slightly on hot rolled and cold rolled, but not to levels we saw in late 3rd quarter 2019.
In the hot rolled segment, the majority of buyers (58 percent) said the mills are now more willing to negotiate prices on HR, up 14 points from two weeks ago. The percentage reporting mills holding the line on HR decline from 56 to 42 percent.
