Market Data
March 6, 2025
SMU Survey: Very little wiggle room on mill pricing, buyers say
Written by Brett Linton
The majority of the steel buyers responding to our latest market survey reported that domestic mills are not open to negotiating prices on new orders this week.
In response to President Trump’s tariff actions and rising mill prices, negotiation rates drastically declined in our mid-February survey and continued to decline this week. As a result, negotiation rates have reached their lowest point in nearly two years.
