Steel Products Prices North America
SMU Comparison Price Indices: Hot Rolled Hits $660
Written by John Packard
October 27, 2013
Just about all of the steel indices monitored by Steel Market Update have benchmark hot rolled coil at, or very close to, $660 per ton ($33.00/cwt) as of this past week. Prices have risen by approximately $5 to $10 per ton during the week. The short term trend is for prices to remain firm and probably move higher – especially if scrap prices rise by more than $20 per ton.
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: Within 200-300 mile radius of Northern Indiana Domestic Mill.
John Packard
Read more from John PackardLatest in Steel Products Prices North America
SMU price ranges: Most sheet and plate products drift lower
Steel sheet prices mostly edged lower for a second week, while plate prices slipped for the third consecutive week.
Nucor drops HRC price to $720/ton
After holding its weekly spot price for hot-rolled (HR) coil steady for three weeks at $730 per short ton (st), Nucor lowered the price this week by $10/st.
SMU price ranges: Sheet slips, plate falls to 45-month low
Steel sheet and plate prices moved lower this week as efforts among some mills to hold the line on tags ran up against continued concerns about demand.
CRU: US longs prices remain mostly flat in October
CRU Senior Steel Analyst Alexandra Anderson shares insight into the current market for long steel products.
Nucor holds HR base price at $730/st
Nucor is holding its hot-rolled (HR) coil consumer spot price (CSP) at $730 per short ton (st) this week.