SMU Data and Models
December 22, 2021
Steel Mill Negotiations: It's a Buyer's Market Once Again
Written by Tim Triplett
As the upward slope of the green bars in the charts below clearly illustrate, the bargaining position in steel price negotiations has been steadily shifting in favor of steel buyers for the past three months.
Since September 2020, it had been a seller’s market, with steel in short supply. Until lately, the mills have had little need to discount prices to secure orders. But with competition from imports on the way up and steel prices on the way down, steel has become a buyer’s market once again.
