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    Market Segment

    July 20, 2023

    Mills More Willing To Negotiate Lower Sheet Prices: SMU Survey

    Written by Ethan Bernard

    Steel buyers report that mills are willing to negotiate lower spot prices for the sheet products SMU surveys. It’s a different story in plate, where buyers find mills less willing to negotiate lower, according to SMU’s most recent survey data.

    The percentage of respondents saying steel mills were willing to talk price on plate stood at 29% this week, off from 63% two weeks ago. Galvanized, in contrast, increased six percentage points to 90% in the same comparison.

    Ethan Bernard

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

    Read more from Ethan Bernard

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