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    Market Data

    December 7, 2023

    SMU survey: Mills more willing to talk price on sheet, less on plate

    Written by Ethan Bernard

    The percentage of steel buyers saying mills were willing to budge on spot pricing has risen for all sheet products SMU surveys, according to our most recent survey data.

    The negotiation rate for hot rolled jumped 11 percentage points to 40% vs. two weeks earlier. However, steel plate’s negotiation rate edged down three percentage points to 65% 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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