Market Data
March 31, 2022
Steel Mill Negotiations Tighten, Lock in Seller's Market
Written by Brett Linton
Mills are increasingly holding firm on higher prices. The result: the buyer’s market we saw at the beginning of the year is offically over.
Every two weeks, Steel Market Update asks buyers: Are you finding domestic mills willing to negotiate spot pricing on new orders placed this week? The overwhelming majority of steel buyers polled this week reported that mills are no longer willing to negotiate lower on new orders, as indicated by the blue bars below.
