Steel Products Prices North America

Comparison Price Indices: Slide Continues
Written by John Packard
November 2, 2014
Prices dropped on all of the indexes and all of the products followed by Steel Market Update. The average for hot rolled, based on the four indexes, was $641 per ton. Steel Market Update saw the market as being down to an average of $630 per ton just prior to the AK Steel announcement. The other indexes saw the market as being down but not by quite as much or as low. Part of this difference is the way the other indexes capture their data. For example, Platts does not allow purchases of more than 500 tons into their numbers which eliminates most of the less than $620 per ton numbers that have been out there.
We also saw reductions on cold rolled, galvanized, Galvalume and Plate with all of the indexes except Platts (CR and plate) moving lower on these products.
Steel Market Update is catching much lower prices on coated products in the South than Midwest and Mid-Central regions of the country. We are being told the reason for the differences are due to the large influx of foreign steel at the Southern ports.
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
Read more from John PackardLatest in Steel Products Prices North America

Nucor slows HRC price climb with $5/ton increase
After eight weeks of double-digit price increases on hot-rolled (HR) coil, Nucor slowed the price rise this week with an increase of $5 per short ton.

Domestic CRC prices surge ahead of imports
The price spread between stateside-produced CR and imports reached its widest margin in over a year.

Evraz raises plate prices $160/ton
Evraz North America (NA) has followed Nucor and SSAB with a plate price increase of its own: up $160 per short ton (st). The increase was effective immediately for all new orders of carbon, high-strength low-alloy, and normalized and quenched-and-tempered plate products, as well as for hot-rolled coil, the steelmaker said in a letter to […]

Nucor lifts HR coil to $820/ton
Nucor has increased its consumer spot price (CSP) for hot-rolled (HR) coil for a fourth consecutive week.

Nucor pushes HR spot price to $790/ton
Nucor increased its consumer spot price (CSP) for hot-rolled (HR) coil to $790 per short ton (st) on Monday, Feb. 10 – a $15/st bump vs. last week. The Charlotte, N.C.-based company has raised its weekly CSP by $40/st over the past three weeks after maintaining tags at $750/st since Nov. 12, according to SMU’s […]