SMU Data and Models
SMU Survey: Steel Mills More Willing to Negotiate Pricing
Written by John Packard
November 20, 2014
The vast majority of our SMU steel survey respondents reported the domestic steel mills as willing to negotiate flat rolled steel prices this week.
Those reporting the mills as willing to negotiate hot rolled prices increase by 2 percent to 70 percent of the respondents.
Cold rolled jumped by an even greater margin from 52 percent to 71 percent. Only 29 percent told SMU that the domestic mills were not negotiating CR prices this week.
Galvanized increased by 8 percent from 71 percent to 79 percent.
Galvalume jumped by 9 percentage points from 58 percent to 67 percent.
You can see how negotiations have been trending since the middle of June 2014. You are also welcome to go online where you can find the total history regarding mill negotiations.
Below is an interactive graphic of the Steel Market Update Steel Mill Negotiation History, but it can only be seen when you are logged into the website and reading the newsletter online. If you need any assistance logging in or navigating the website, contact us at info@SteelMarketUpdate.com or 800-432-3475.
{amchart id=”113″ SMU Negotiations by Product- Survey}
John Packard
Read more from John PackardLatest in SMU Data and Models
SMU Survey: Current Sentiment tumbles on tariffs, uncertainty, soft demand
SMU’s Steel Buyers’ Sentiment Indices moved in opposing directions this week. Our Current Steel Buyers’ Sentiment Index dropped to one of the lowest levels recorded in over five years, while Future Buyers’ Sentiment inched higher.
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. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]
SMU Survey: Buyers report little change in sheet and plate lead times
Steel buyers report steady lead times for sheet and plate products, a soft-sideways trend we've seen since May.
SMU Survey: Mills remain flexible on pricing, buyers say
The majority of steel buyers responding to our market survey this week continue to say that mills are negotiable on new spot order prices. Negotiation rates have remained high since May.
Service centers: Mill orders improve in July
SMU’s Mill Order Index (MOI) moved higher in July after rebounding the month prior. The shift comes after mill orders declined from March through May.