SMU survey: Mills remain flexible on sheet and plate prices

Sheet steel buyers continue to report that mills are willing to talk price on new orders, according to our most recent survey data collected this week.

Every other week, SMU polls hundreds of steel buyers asking if domestic mills are willing to negotiate spot prices on new orders. Almost nine out of every 10 buyers reported mills are willing to talk price on new hot rolled orders. Every single galvanized buyer polled this week responded that mills were open to negotiating lower prices. Negotiation rates on cold rolled, Galvalume, and plate are all in the 75-80% range.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.