Tag: Mill Spot Price Negotiations

The overall steel mill negotiation rate jumped 14 percentage points this week vs. the last market check, with plate's rate rising by eight percentage points, according to SMU's most recent survey data.

The latest SMU Market Survey results are now available on our website to all Premium members. After logging in at steelmarketupdate.com, visit the Pricing and Analysis tab and look under the “Survey Results” section for “Latest Survey Results.” Historical survey results are also available under that selection. If you need help accessing the survey results, or if […]

The mill negotiation rate was mixed this week for sheet products but relatively level, while the rate for plate jumped over 15 percentage points from two weeks earlier, according to SMU’s most recent survey data.

The percentage of respondents saying mills were willing to negotiate price rose on all sheet products and plate this week, according to SMU's most recent survey data. 

Steel buyers report that mills are considerably less willing to negotiate prices on spot orders than they were a month, or even two weeks, ago. The findings of the latest SMU survey of service centers and manufacturers indicates that only about half find mills willing to negotiate on hot roll spot buys, compared with more […]

Much like lead times, domestic mill spot price negotiations have been mired in the muck and not able to get any momentum going back to the spring of this year. Those responding to this week’s flat rolled steel market analysis are almost unanimous in their description of the willingness of the domestic mills to discuss […]