SMU Data and Models
SMU Comparison Price Indices: Sideways to Small Ticks Higher
Written by John Packard
December 29, 2013
This past week we saw little movement in pricing on most flat rolled steel products due to the Holidays and a general lack of new orders flowing through the system. Benchmark hot rolled is in a fairly tight range at $667 on the low side (CRU) to $675 on the high side (Platts/Steelbenchmarker). The hot rolled average of the indices we follow on a regular basis was $671 per ton.
Cold rolled had a wider range from a low of $770 (Steel Orbis) to a high of $790 (CRU) the average was $781 per ton.
The galvanized range was $830 (Steel Orbis) to $843 (CRU) with an average of $838 per ton. This is based on .060” G90.
Galvalume ranged from $1081 to $1101 per ton for .0142” AZ50, Grade 80 with an average of $1091 per ton.
Plate, our newest addition, ranged from $753 (CRU) to $787 (Steelbenchmarker) with an average of $767 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 SMU Data and Models
SMU price ranges: Plate flat as sheet inches higher
SMU’s steel price indices were steady to higher this week. Each of our sheet indices crept upwards from last week, while our plate index was unchanged.
SMU Steel Demand Index suggests further demand contraction
Steel Market Update’s Steel Demand Index ticked back seven points last week, falling further into contraction territory.
August service center shipments and inventories report
Flat rolled = 66.3 shipping days of supply Plate = 57.0 shipping days of supply Flat rolled Flat-rolled steel supply at US service centers grew further in August. The dynamic resulted from some Q3 restocking efforts at a perceived market bottom, met with shorter lead times and weaker demand. At the end of August, service […]
SMU market survey results now available
SMU’s latest steel buyers market survey results are now available on our website to all premium members.
SMU survey: Steel Buyers’ Sentiment Indices decline again
Following significant recoveries in late August, SMU’s Steel Buyers’ Sentiment Indices tumbled this week.