SMU Steel Survey: Steel Mill Negotiations

The galvanized response rate remained about the same as 58 percent of our respondents reported the domestic mills as willing to negotiate galvanized transaction prices.

Cold rolled saw a very small uptick in the percentage of respondents reporting the domestic mills as willing to negotiate steel prices. The latest survey reported 39 percent vs. 35 percent of our respondents as reporting the mills as willing to negotiate pricing.

Thirty-five percent of our respondents reported the domestic mills as willing to negotiate hot rolled prices which is essentially the same as the 37 percent measured at the beginning of August.

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{amchart id=”113″ SMU Negotiations by Product- Survey}