Steel Products Prices North America

Domestic Mills Continue to be Receptive to Price Negotiations
Written by John Packard
October 23, 2014
Buyers and sellers of flat rolled steel are advising Steel Market Update that the domestic steel mills are receptive to negotiating prices on all products. Based on the most recent SMU flat rolled steel market survey results, 94 percent of the respondents reported the mills as willing to discuss hot rolled pricing. This is up from 68 percent reported in our last survey at the beginning of this month.
Those reporting cold rolled pricing as being in play rose from 57 percent at the beginning of October to 83 percent this week.
Galvanized also saw the percentage of those reporting the mills as willing to negotiate rise from 73 percent at the beginning of the month to 88 percent now.
Galvalume is the only product that saw a slight reversal as 100 percent reported the mills as willing to negotiate at the beginning of the month with only 83 percent reporting the same now.

John Packard
Read more from John PackardLatest in Steel Products Prices North America

SMU Price Ranges: HR slips, hopes for Q4 rebound still standing
SMU’s price ranges were mixed again this week as the market continues to seek a floor amid industry hopes for a Q4 rebound.

Nucor’s hot band list price holds at $875/ton
Nucor held its hot-rolled coil list price flat again this week, according to its Monday, Sept. 15 consumer spot price (CSP) notice.

Market says cutting interest rates will spur stalled domestic plate demand
Market sources say demand for domestic plate refuses to budge despite stagnating prices.

SMU Price Ranges: Some predict bottom is near as big discounts dry up
Sheet prices were mixed this week as some mills continued to offer significant discounts to larger buyers while others have shifted toward being more disciplined, market participants said.

SMU Price Ranges: Tags mixed as uncertainty weighs on market
SMU’s hot-rolled (HR) coil price held steady this week while prices for other sheet and plate products declined.