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: Steel Buyers Sentiment Indices rise
SMU’s Current and Future Steel Buyers Sentiment Indices have both increased, based on our most recent survey data as of Wednesday, Nov. 22.
SMU survey: Lead times extend as pricing climbs
Lead times for all steel sheet products but cold rolled were extended last week as prices trend upwards.
SMU survey: Mills less willing to talk price on sheet, plate
The percentage of steel buyers saying mills were willing to negotiate spot pricing has fallen for all products SMU surveys, according to our most recent survey data.
Galvanized Sheet’s Premium Over Hot Rolled Hovering Around $200/Ton
The spread between hot-rolled coil (HRC) and galvanized sheet base prices has been hovering near $200 per net ton since late July, according to SMU’s latest analysis.
SMU Steel Demand Index Improves Again, Moves Into Expansion Territory
Steel Market Update’s Steel Demand Index has moved into growth territory after seeing steady improvement since mid-September, according to our latest survey data.