SMU Data and Models
February 3, 2022
Steel Mill Negotiations: Buyers Still Have the Upper Hand
Written by Tim Triplett
With steel prices continuing to plunge, buyers clearly hold the upper hand in price negotiations with the mills – a position they have enjoyed for the past two months as seen in the upward slope of the green bars in the chart below.
Every two weeks, Steel Market Update asks readers: Are you finding the domestic mills willing to negotiate spot pricing on new orders placed this week? The vast majority of respondents in every product category report the mills willing to make a deal today in order to close a sale.
