Steel Mill Negotiations: Still Wide Open

In the cold rolled segment, 95 percent now report the mills open to price negotiations, with just 5 percent reporting current cold rolled prices as firm.

In the galvanized sector, 92 percent said the mills are flexible on price, while just 8 percent reported that galvanized prices are now nonnegotiable. The same is true for Galvalume, as 89 percent said the mills are now willing to talk price, versus 11 percent who disagreed.

About 75 percent of plate buyers report some flexibility in mill plate prices, while the other 25 percent say plate is not in play.

Note: SMU surveys active steel buyers twice each month to gauge the willingness of their steel suppliers to negotiate pricing. The results reflect current steel demand and changing spot pricing trends. SMU provides our members with a number of ways to interact with current and historical data. To see an interactive history of our Steel Mill Negotiations data, visit our website here.