SMU Data and Models
Steel Mill Negotiations: Who Isn't?
Written by John Packard
February 5, 2015
It doesn’t get any clearer than this. Based on the results of the respondents to this week’s flat rolled market questionnaire, the domestic steel mills are willing to negotiate pricing on all flat rolled products: hot rolled, cold rolled, galvanized and Galvalume (zinc-aluminum).
Hot rolled came in with 95 percent of our respondents reporting the mills as willing to negotiate HR pricing.
Cold rolled saw 96 percent of our respondents reporting the mills as being willing to discuss CR pricing.
Galvanized had the lowest percentage with only 94 percent reporting the mills as willing to negotiate GI pricing.
While Galvalume had the highest percentage (higher than the 96 percent for CR) as 100 percent of the respondents reported AZ prices as being negotiable.
John Packard
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