Steel Products
SMU Comparison Indices: Big Moves Lower Followed by One Index Reversing Course
Written by John Packard
January 28, 2013
With the exception of Steel Orbis (which if you haven’t noticed tends to take few positions on a weekly basis) and SteelBenchmarker who did not produce new numbers this past week, CRU and SMU both dropped HRC price assessments by double digits by the middle of the week. By the end of the week, Platts reversed course and moved their HR and CR assessments higher by $10 per ton (assuming due to the mill price announcements).
John Packard
Read more from John PackardLatest in Steel Products
US light-vehicle sales accelerate in March
US light-vehicle (LV) sales increased to an unadjusted 1.59 million units in March, more than a 30% surge over February and 10.7% above year-ago totals, according to US Bureau of Economic Analysis data.
Construction adds 13,000 jobs in March
The construction sector added 13,000 jobs, seasonally adjusted, in March, but tariffs could undermine the industry.
SMU Steel Summit 2025: Prime hotel spots are nearly gone!
After last year’s historic turnout, the buzz around SMU’s Steel Summit 2025 is picking up. So, it’s no surprise room blocks are going quick, and I mean FAST. Get ready for another blockbuster event! This year’s meeting of the North American flat-rolled steel industry is shaping up to be another record-setting gathering with a timely […]
US CRC prices move ahead of imports
US cold-rolled (CR) coil prices moved higher again this week, while offshore prices were mixed.
SMU flat-rolled market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members. After logging in at steelmarketupdate.com, visit the pricing and analysis tab and look under the “survey results” section for “latest survey results.” Past survey results are also available under that selection. If you need help accessing the survey results, or if […]