SMU Data and Models
June 8, 2023
Overall Mill Negotiations Rate Ticks Up Slightly, Plate Falls by 9%
The percentage of respondents saying steel mills were willing to negotiate on price stayed relatively flat this week, up one percentage point from two weeks ago, according to SMU’s most recent survey data.
Plate bucked the general trend, being the only product surveyed by SMU to fall below 50% of respondents saying steel mills were willing to negotiate price. 33% of respondents said mills were willing to talk price on plate, down from 42% at the last market check.
