Steel Products
SMU Comparison Price Indices: A Little of This, A Little of That
Written by John Packard
August 26, 2013
We got a taste of everything this past week from the various steel indexes we monitor on a regular basis. Platts, which recently has been on the leading edge of higher flat rolled steel prices, scaled their numbers back on both hot rolled and cold rolled this week. CRU budged ever so slightly higher on hot rolled (+$2), cold rolled (+$8) and galvanized (+$4). Steel Orbis, which is normally the lowest priced index on our totem pole, moved their hot rolled number up $15 and galvanized up $10 – on cold rolled and Galvalume they remained where they were. SteelBenchmarker was not in the game last week as they only produce their numbers twice per month.
John Packard
Read more from John PackardLatest in Steel Products
Rig count update: US activity stable, Canada slips
The number of oil and gas rigs operating in the US remained unchanged this week for the second consecutive week, while Canadian activity declined, according to the latest data released from Baker Hughes.
SMU 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 […]
Domestic, offshore CRC prices steady
The price spread between US-produced cold-rolled (CR) coil and offshore products on a landed basis was unchanged in the week ended Dec. 20.
SMU Survey: Mill lead times contract slightly, remain short
Steel mill production times have seen very little change since September, according to buyers participating in our latest market survey.
Worthington Enterprises’ earnings dip in fiscal Q2’25
Worthington Enterprises' profits edged down in its fiscal second quarter of 205 vs. a year earlier. The company said a slump in sales in the quarter was due largely to the "deconsolidation" of the Sustainable Energy Solutions segment in the fourth quarter of fiscal 2024.