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    Market Segment

    October 26, 2023

    SMU Survey: Mills Less Willing To Talk Price on Sheet, Plate More So

    Written by Ethan Bernard

    Steel buyers said mills are less willing to budge on spot pricing for sheet products this week, but plate bucked this trend, according to SMU’s most recent survey data.

    While the mill negotiation rate fell for all sheet products SMU surveys, plate’s rate stood at 70%, up slightly from 67% two weeks prior.

    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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