Steel Products Prices North America
Galvanized Base Price History & $40.00/cwt Base Prices
Written by John Packard
October 22, 2013
During our HARDI steel conference call held earlier today (see article above) one of the wholesalers asked the question how many times have we seen galvanized base prices at, or above, $40.00/cwt? We thought it was a legitimate question and was one we could easily answer using our own galvanized base price indices.
So, SMU went back to the beginning of 2009 when we first started our galvanized base price index and found that during the 1st Quarter 2011 and 2012 base prices exceeded $40.00/cwt ($800 per ton). During 2010 the market briefly pierced the $40.00/cwt level in late 2nd Quarter. The current price levels are the highest we have seen on galvanized so far this year.
The last price announcements called for galvanized base prices of $38.50/cwt-$40.50/cwt with $39.50/cwt being the target selected by the majority of the domestic mills. AK Steel is the only mill asking for spot galvanized base prices above $40.00/cwt.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.
Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.
Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]
Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.
Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]