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    Market Data

    June 6, 2024

    SMU survey: Most sheet, plate buyers find mills more flexible on price

    Written by Ethan Bernard

    Steel buyers found mills more willing to negotiate spot pricing this week on all products SMU tracks with the exception of Galvalume, according to our most recent survey data.

    For buyers of HRC, 88% of respondents said mills were more willing to talk price, up 10 percentage points from two weeks earlier. At the same time, Galvalume’s rate fell 16 percentage points to 84% 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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