SMU Data and Models

SMU Survey: Steel Mill Negotiations
Written by Brett Linton
August 7, 2014
Based on the latest flat rolled steel market survey conducted by Steel Market Update since the beginning of this week, steel buyers and sellers reported the domestic mills as being less willing to negotiate hot rolled steel prices and continue to be less willing to negotiate cold rolled prices. When we reviewed the data on galvanized we found 50 percent of those responding to our survey as reporting the mills as willing to negotiate and 50 percent that they are not willing to negotiate. When it came to Galvalume those reporting the mills as willing to negotiate slipped to 40 percent from the 44 percent reported during the middle of July survey.
The data shown in the graphic below is based on the responses from manufacturing companies and service centers only. We do not ask our steel mills, trading companies, toll processors or suppliers to the industry questions on negotiations.
As with lead times, our negotiations results continue to point toward a stable market where those who have tonnage to place can find willing listeners. One of our responding companies reported to us today, “If you have any significant tons to be placed there are deals to be had.”
More information on our steel mill negotiations by product can be found on our website by going to the Analysis Tab > Survey Results > Negotiations or by clicking here.

Brett Linton
Read more from Brett LintonLatest in SMU Data and Models

SMU Scrap Survey: Current and Future Sentiment tick down
SMU’s Current Sentiment Index for scrap decreased this month, a move mirrored by our Future Sentiment Index, according to the latest data from our ferrous scrap survey.

SMU Survey: Buyers’ Sentiment slips again, future outlook improves
Each of our Sentiment Indices continues to reflect that steel buyers are positive about their present and future business prospects, though that confidence has eased considerably compared to the beginning of the year.

SMU scrap market survey results now available
SMU’s October ferrous scrap market survey results are now available on our website to all premium members.

SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.

SMU Survey: Sheet and plate lead times stabilize
Sheet and plate lead times saw minor shifts this week, according to SMU’s latest market survey. Sheet times have inched up over the last month but remain within days of multi-year lows, as they have since May. Plate lead times have bobbed within a tight range for months, hovering roughly a week longer than this time last year.