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    Market Data

    July 3, 2024

    SMU survey: Mills more open to price talks on sheet products

    Written by Ethan Bernard

    Sheet steel buyers found mills more willing to negotiate spot pricing this week, according to our most recent survey data.

    When it comes to hot-rolled (HR) coil, 95% of respondents said mills were open to negotiating lower prices, up three percentage points from two weeks earlier. Plate’s rate was 77%, little changed from our last survey.

    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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