Steel Products
SMU Comparison Price Indices: Modest Moves Higher
Written by Diana Packard
August 4, 2013
Steel Market Update (SMU) watches a number of steel indexes and their weekly price movements on various flat rolled products. Since the May 22nd price increase announcement by U.S. Steel the indexes have been capturing a steady increase in pricing. The spread on benchmark hot rolled has narrowed with all but SteelBenchmarker being within $5.50/per ton of one another (SteelBenchmarker did not report prices this past week).
FOB Points for each index:
SMU: Domestic Mill, East of the Rockies.
CRU: Midwest Mill, East of the Rockies.
SteelBenchmarker: Domestic Mill, East of the Mississippi.
SteelOrbis: Midwest Domestic Mill.
Platts: Northern Indiana Domestic Mill.
Diana Packard
Read more from Diana PackardLatest in Steel Products
Nucor’s weekly HR spot price unchanged, again
Nucor’s consumer spot price (CSP) for hot-rolled (HR) coil remains unchanged for another week – now on an 11-week streak. Nucor’s HR coil CSP, still at $750 per short ton (st), has been at that level since Nov. 12. The spot price for HR from Nucor’s joint-venture subsidiary California Steel Industries (CSI) is also flat […]
Price gap between domestic, offshore CRC narrows
The price spread between US-produced cold-rolled (CR) coil and offshore products tightened in the week ended Jan. 17. Domestic CR coil tags were lower week on week (w/w), while offshore products ticked higher. The result? The US premium over imports shrank. In our market check on Tuesday, Jan. 14, US CR coil prices averaged $895 […]
US HR price premium over imports narrows slightly
Hot-rolled (HR) coil prices ticked down in the US last week, while tags abroad varied. The result: US hot band margin over imports on a landed basis has narrowed to a slight extent. SMU’s average domestic HR price last week was $685 per short ton (st), down $5/st from the week before. US hot band […]
SMU Community Chat: Jan. 22 with Alan Kestenbaum, founder of Bedrock Industries
Alan Kestenbaum, the founder of Bedrock Industries and the former CEO of Stelco, will be the featured speaker on the next SMU Community Chat. The webinar will be on Wednesday, Jan. 22, at 11 am ET. It’s free to attend. You can register here. We’ll look at Stelco’s recent sale to Cleveland-Cliffs and what made […]
December service center shipments and inventories report
Flat rolled = 77.1 shipping days of supply Plate = 58.1 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers ballooned in December with higher inventories as well as seasonally lower shipments. At the end of December, service centers carried 77.1 shipping days of flat-rolled steel supply on an adjusted basis, […]