Mills More Willing to Negotiate Lower Sheet Prices: SMU Survey

Steel buyers report that mills are willing to negotiate lower spot prices for the sheet products SMU surveys. It’s a different story in plate, where buyers find mills less willing to negotiate lower, according to SMU’s most recent survey data. 

The percentage of respondents saying steel mills were willing to talk price on plate stood at 29% this week, off from 63% two weeks ago. Galvanized, in contrast, increased six percentage points to 90% in the same comparison.