SMU Comparison Price Indices: One Moves Higher, Others Wait

Platts took all of their flat rolled sheet indices higher this past week and they now reference benchmark hot rolled at $685 per ton – $15 per ton higher than Steel Market Update and $17 per ton higher than CRU. With the New Year Holiday sandwiched in the middle of this past week SMU did not capture enough transactions to justify raising steel prices – even though the domestic mills have announced increases just prior to Christmas which call for $700 per ton hot rolled and $810 per ton cold rolled and coated base pricing.

Steel Orbis did not provide new numbers this past week and SteelBenchmarker was not scheduled to release new numbers.