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    Market Data

    December 21, 2023

    SMU survey: Mills more willing to negotiate price on all products - except cold rolled

    Written by Ethan Bernard

    Almost all of the products SMU surveys notched an increase in the percentage of buyers saying mills were willing to negotiate spot pricing. The lone exception was cold rolled, according to our most recent survey data.

    The negotiation rate for cold rolled tumbled 24 percentage points to 21% vs. 45% two weeks earlier. Meanwhile, steel plate’s mill negotiation rate jumped nine percentage points to 74% 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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