Scrap Prices North America
January 5, 2023
Steel Mills Continue to Balk at Negotiating Lower Tags
Steel mills are less willing to negotiate prices as we enter into the new year. With the exception of Galvalume, all of the products SMU surveyed remained more fixed in price compared with the last market check two weeks ago, and a far cry from early November of last year.
In fact, the plate market showed the largest decline, where 50% of buyers said mills were willing to negotiate price in our survey this week ended Jan. 5, down from 75% two weeks earlier.
