Steel Products Prices North America
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SMU Comparison Price Indices: Mild Erosion Continues
Written by John Packard
March 9, 2014
The pace of the decline slowed this past week with a number of the indexes showing mild to no erosion in flat rolled steel pricing. Benchmark hot rolled steel prices dropped into the mid $630’s. The spread between hot rolled and cold rolled steel pricing was an unusually high $121 per ton. Plate prices continue to defy gravity due to long lead times on the product.
Steel Orbis was removed from the CPI report for leaving us at the altar too many times (failing to provide updated prices prior to SMU publishing). SteelBenchmarker did not report prices this past week as they only publish pricing twice per month.
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John Packard
Read more from John PackardLatest in Steel Products Prices North America
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Nucor inches HR price up, aims for $695/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $695 per short ton (st), up $5/st from last week.
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Nucor maintains $690/ton HR base price
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil is unchanged from last week at $690/ton.
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CRU: US prices find a bottom as other markets fall
The US sheet market appears to have reached a bottom following consistent weekly declines since April. However, other markets remain weak due to limited demand. Trading in Europe has been slow due to summer holidays. While European mills are also undergoing maintenance outages, these have not been enough to offset ongoing price falls, with weak […]
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Cliffs seeks $700/ton for HR, up $30/ton from last week
Cleveland-Cliffs said on Wednesday that it would seek at least $700 per short ton (st) for hot-rolled (HR) coil. The Cleveland-based steelmaker said it made the move "due to ongoing market developments." The company said the increase was effective immediately for HR orders for September.
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Nucor aims for $675/ton for HR
Nucor has raised its consumer spot price (CSP) for hot-rolled (HR) coil to $675 per short ton (st), up $25/st from last week.