Steel Products Prices North America
SMU Comparison Price Indices: Another Dip
Written by John Packard
June 22, 2014
The SMU Comparison Price Indices saw prices dropping on all products except plate products. Benchmark hot rolled coil saw pricing drop anywhere from $2 per ton (CRU) to $10 per ton (Platts). The HRC average dropped $6 per ton for the week to $670 per ton.
Cold rolled also dropped on all of the reporting indexes (SteelBenchmarker did not report last week) with SMU and CRU down $5 per ton and Platts $7.50 per ton. For the week our SMU Indexes average was down $6 per ton to $791 per ton.
Galvanized also dropped with SMU taking our number down by $20 per ton to $835 per ton for .060″ G90. CRU reduced galvanized by $2 per ton to $853 per ton.
SMU took our Galvalume index average down $15 per ton to $1066 on .0142″ X 40.875″, AZ50, Grade 80.
Plate prices were either stable (Platts) or rose by $10 per ton with the average now being $835 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.
Platts: Northern Indiana Domestic Mill.
John Packard
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