Steel Products
April 13, 2021
How Do You Manage Price Risks in Volatile Markets?
Written by John Packard
Earlier this week, Steel Market Update received an email from a consulting company that is working with a client who is suffering through the high spot steel prices and wanted advice on how to negotiate a contract with their suppliers and basically how to manage the steel price risk.
There are many ways to respond to their request. One would be to tell the client that at $1,370+ spot prices on benchmark hot rolled base, it might be a good time to just sit and ride the spot market down once it begins to move.
